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

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

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

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 Phillips, Chester Arthur