non-core assets

Assets that are no longer required for the operation of a business; they are usually sold off when the need for income arises for a specific venture the company wants to embark or to pay their debt. Although non-core assets no longer play a key role in the running of the business, it becomes useful to the company when the need for funds to run the company arises. Deciding what asset is non-core is subjective, in order words, it differs for different companies depending on the business nature of the company.