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quick assets

American  

plural noun

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


quick assets British  

plural noun

  1. accounting assets readily convertible into cash; liquid current 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

Etymology

Origin of quick assets

First recorded in 1890–95

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

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

It had on August 2 about $1,613,000 of cash and accounts receivable, quick assets, which amounted to only about 40% of its quick liabilities.

From Time Magazine Archive

But their quick assets in the U. S. alone were sufficient to last them four years at the 1940 deficit rate.

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

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

From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips

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