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Obsolete definition

Obsolete means a product that may be listed in national drug pricing compendia but is no longer available to be dispensed based on the expiration date of the last lot manufactured.
Obsolete means a product that may be listed in national drug pricing compendia
Obsolete means City assets that are no longer current or have no functional use due to being replaced by newer assets and still may have some economic value.

Examples of Obsolete in a sentence

  • Obsolete goods when identified are charged to the consolidated statement of income.

  • Obsolete, defective and unserviceable stocks are duly provided for.

  • Obsolete and redundant inventories are provided for as appropriate.

  • Obsolete electronic part means an electronic part that is no longer available from the original manufacturer or an authorized aftermarket manufacturer.

  • Obsolete, redundant and slow moving inventories are identified on a regular basis and are written down to their estimated net realisable values.


More Definitions of Obsolete

Obsolete means no longer performs its required function either in an efficient manner or at all through wear and tear, obsolescence, damage, failure, unsafe operation or advances in technology and includes equipment that the Licensee has decided to render obsolete as a result of inspection;
Obsolete means a drug that may be listed in a national
Obsolete means a drug that may be listed in a national drug pricing compendia but cannot be dispensed based on the expiration date of the last lot manufactured.
Obsolete means the exact part number has no available manufacturing sources.
Obsolete means an item which is no longer produced/manufactured and for which no spare parts are available at the manufacturer’s authorized service centers, on account of advancement in technology/changes in market needs/availability of better alternatives.
Obsolete means, as regards an item of Equipment, where such item is no longer in current production, including in circumstances where spare parts may continue to be available;
Obsolete means no longer produced or used, out of date, to become obsolete by replacing it with something new;