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

The quick assets held by European banks against their deposits consist of discounts or call loans, largely secured by discounts.

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

For this I pay, say, three and a half or four per cent., for I am a desirable customer at the banks; and, as my quick assets bring me an average of five per cent.,

From Project Gutenberg