Obsolescence meaning

The process of becoming out of date.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.
0
0
A process or condition of becoming useless or obsolete.
noun
0
0
(uncountable) The state of being obsolete"”no longer in use; gone into disuse; disused or neglected.
noun
0
0
(countable) The process of becoming obsolete, outmoded or out of date.
noun
0
0
A diminishing of a property’s value or usefulness, especially because of innovations in technology, as distinguished from physical decay. See also depreciation.
noun
0
1
Advertisement

Origin of obsolescence

  • From Latin obsolescens past participle of obsolescere.

    From Wiktionary