assets readily convertible into cash; liquid current assets
quick assets in American English
Finance
cash on hand, current accounts receivable, and all other highly liquid assets excluding merchandise or inventory
quick assets in American English
plural noun
Accounting
liquid assets including cash, receivables, and marketable securities
Word origin
[1890–95]This word is first recorded in the period 1890–95. Other words that entered Englishat around the same time include: cholesterol, historicism, masochism, phoneme, wireless