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quick assets

plural noun

, Accounting.
  1. liquid assets including cash, receivables, and marketable securities.


quick assets

plural noun

  1. accounting assets readily convertible into cash; liquid current assets
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of quick assets1

First recorded in 1890–95
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Example Sentences

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

The first two classes are termed active or quick assets, as they can be most readily converted into cash.

Secondly, the proportion between net quick assets and bonded debt.

Thirdly, the proportion between net quick assets and the surplus as shown in the balance-sheet.

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