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

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

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

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

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

The quick assets of American banks ... are primarily call loans on stock and bond collateral.

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