Permanent Current: A current that runs continuously and is independent of tides and other temporary causes. Permanent currents include the general surface circulation of the oceans.

 

Related Words

Permanent Current: A current that runs continuously and is independent of tides and other temporary causes. Permanent currents include the general surface circulation of the oceans.

Antarctic Circumpolar Current: The largest permanent current in the world, setting eastward around the Antarctic Continent south of Cape Horn, Cape of Good Hope, Tasmania, and New Zealand. Through Drake Passage, it transp . . . View Full Definition

Current: The volume or quantum of the flow of electrons through a conductor, as opposed to voltage, which is the measure of the intensity or velocity of the electrical flow.

North Atlantic Current: A North Atlantic Ocean current setting northeastward from southeast of the Grand Banks at about latitude 40° north, longitude 50° west, to the British Isles. A segment of the Gulf Stream Sys . . . View Full Definition

Noncurrent Liability: A liability due in one year.

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.

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

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.

North Cape Current: An Arctic Ocean current setting eastward off the north coast of Scandinavia in the Barents Sea.