obsolescence Finance Definition
The
process of becoming out of date. It is one of the underlying concepts of
depreciation, because obsolescence limits the useful life of an asset.
obsolescence Law Definition
n
- A process or condition of becoming useless or obsolete.
- A diminishing of a propertys value or usefulness, especially because of innovations in technology, as distinguished from physical decay. See also depreciation.
Browse dictionary entries near obsolescence
- ‹ obsolesce
- ‹ obsidian
- ‹ obsessive compulsive disorder
- ‹ obsessive-compulsive
- ‹ obsessive
- ‹ obsession
- ‹ obsessed
- ‹ obsess
- ‹ observing
- ‹ observer
- obsolescent ›
- obsolete ›
- obstacle ›
- obstacle course ›
- obstetric ›
- obstetrician ›
- obstetrics ›
- obstinacy ›
- obstinate ›
- obstinately ›

