NONCASH ITEM

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks and other such negotiable instruments that are only credited to a holder’s account upon clearance by the bank.

More On This Topic



Link to This Definition
Did you find this definition of NONCASH ITEM helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary