Miscellaneous Current Liabilities: An account for current liabilities that do not fall into any of the categories already defined. Examples of predefined categories are accounts payable, accrued expenses, and short-term notes payable.

 

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Miscellaneous Current Liabilities: An account for current liabilities that do not fall into any of the categories already defined. Examples of predefined categories are accounts payable, accrued expenses, and short-term notes . . . View Full Definition

Neap Tides Or Tidal Currents: Tides of decreased range or tidal currents of decreased speed occurring semimonthly as the result of the Moon being in quadrature. The neap range (Np) of the tide is the average range occurr . . . View Full Definition

Net Current Assets: The difference between current assets and current liabilities, also known as working capital.

Non-Current Assets: Assets that are not convertible to cash within one year in the normal course of business. Property and Goodwill are examples of non-current assets. See also current assets.

Monsoon Current (Southwest Monsoon Current): An Indian Ocean current setting in a generally eastward to southeastward direction off India and Ceylon. It replaces the North Equatorial Current, reversed by wind stress of the south-west m . . . View Full Definition

Mixed (Current): Type of tidal current characterized by a conspicuous diurnal inequality in the greater and lesser flood strengths and/or greater and lesser ebb strengths. See flood current and ebb current.

Miscellaneous Non-Current Assets: An account for assets not including current assets, property, plant and equipment, intangibles, deposits, and loans made.

Miscellaneous Non-Current Liabilities: An account for non-current liabilities not including long-term debt (mortgage debt, lease debt, long-term borrowing, and shareholder loans) and deferred taxes.

Non-Current Liabilities: Obligations that will not come due within one year of the current date. See also current liabilities.

Noncurrent Asset: Any asset that is expected to be held for the whole year, not sold or exchanged, such as real estate, machinery, or a patent.