current assets

American  

plural noun

Commerce.

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

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current assets British  

plural noun

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

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Etymology

Origin of current assets

First recorded in 1905–10

Example Sentences

Talk to your estate-planning attorney and accountant about your current assets — which include your primary home — and your future needs in retirement.

From MarketWatch • Dec. 7, 2025

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 • May 19, 2023

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 • Aug. 10, 2022

It’s reserved for people whose tax debt is not only way out of proportion to their current assets and income, and will likely remain so in the future.

From Slate • Jan. 25, 2017

Employees distributed “profile” surveys on the first day of the seminars, in which participants would outline their financial goals, as well as current assets and liabilities.

From Washington Post • Jun. 4, 2016