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

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

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

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

And, by its balance sheet at the end of 1933, net quick assets were about $13,500,000.

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 Cahan, Abraham