current assets

plural noun

, Commerce.

1. assets that are readily convertible into cash, usually within one year, without loss in value.

current assets

plural noun

1. cash and operating assets that are convertible into cash within a year Also calledfloating assets Compare fixed assets

Word History and Origins

Origin of current assets¹

First recorded in 1905–10

Example Sentences

When couples separate, they finalise their financial arrangements through a consent order - a legally-binding agreement reached between spouses based on the value of their current assets.

From BBC

“While this season has proven challenging with injuries to our significant players, we are in a position to use some of our current assets to retool our club and build a competitive team moving forward.”

From Washington Post

The value decrease was recognised in equity in other non-operating income, E.ON said, adding that the situation "indicated no triggering events that would necessitate impairment charges on non current assets".

From Reuters

“I think for the real estate community, this represents a moment in time to think about current assets, how they’re being used and what future options might be,” Ms. Botting said.

From New York Times

But, it might allow them to better appraise their current assets and inform key decisions for the future.

From Los Angeles Times