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current assets

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plural noun Commerce.

assets that are readily convertible into cash, usually within one year, without loss in value.

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Origin of current assets

First recorded in 1905–10
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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British Dictionary definitions for current assets

current assets

pl n

cash and operating assets that are convertible into cash within a yearAlso called: floating assets Compare fixed assets
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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