current assets

plural noun Commerce.

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

Origin of current assets

First recorded in 1905–10 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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