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current assets
plural noun
, Commerce.
- assets that are readily convertible into cash, usually within one year, without loss in value.
current assets
plural noun
- See fixed assetscash and operating assets that are convertible into cash within a year Also calledfloating assets Compare fixed assets
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Word History and Origins
Origin of current assets1
First recorded in 1905–10
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[ak-suh-lot-l ]
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