quick assets

American  

plural noun

Accounting.

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

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quick assets British  

plural noun

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

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Etymology

Origin of quick assets

First recorded in 1890–95

Example Sentences

Starting as an obscure chaser of ambulance chasers in Utah, lean, sandy-haired Floyd Odium got his hands on $14,000,000 in cash and quick assets just before the market broke in 1929.

From Time Magazine Archive

At a news conference, Chase Chairman George Champion casually noted that his bank had about $1 billion in cash and other quick assets to meet any surge in loan demand.

From Time Magazine Archive

Under that bond indenture, Baldwin agreed to maintain at all times net quick assets at least equal to its total funded debt.

From Time Magazine Archive

At the end of last year the ratio of quick assets to liabilities was 1.6 to 1; today, 10.6 to 1.

From Time Magazine Archive

When all creditors have been paid the quick assets amount to £930,654, and amply protect the debentures, £900,000 which are an admirable security.

From The World in Chains Some Aspects of War and Trade by Mavrogordato, John