quick assets

plural noun

, Accounting.

1. liquid assets including cash, receivables, and marketable securities.

quick assets

plural noun

1. accounting assets readily convertible into cash; liquid current assets

Word History and Origins

Origin of quick assets¹

First recorded in 1890–95

Example Sentences

The quick assets held by European banks against their deposits consist of discounts or call loans, largely secured by discounts.

From Project Gutenberg

The first two classes are termed active or quick assets, as they can be most readily converted into cash.

From Project Gutenberg

Secondly, the proportion between net quick assets and bonded debt.

From Project Gutenberg

Thirdly, the proportion between net quick assets and the surplus as shown in the balance-sheet.

From Project Gutenberg