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quick assets

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plural noun Accounting.
liquid assets including cash, receivables, and marketable securities.
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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

Origin of quick assets

First recorded in 1890–95
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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British Dictionary definitions for quick assets

quick assets

pl n
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
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