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

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Example Sentences

See Examples For:

quick assets

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

Sisto expanded tiny Barium Steel rapidly by buying other small steel companies, paying for them chiefly out of their own quick assets.

From Time Magazine Archive

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

But: more than half of that figure was accounted for by quick assets of Midvale Co., a subsidiary in which Baldwin owned only some 60% of the stock.

From Time Magazine Archive

I do not employ my entire capital in my cloak business, half of it, or more, being invested in "quick assets."

From The Rise of David Levinsky by Abraham Cahan

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