current asset


An asset listed on the balance sheet with less than a 12-month life, or that is readily convertible into cash to be used to satisfy current liabilities. Examples of current assets are cash on hand, short-term investments, accounts receivable, and inventory.

Use current asset in a sentence

You need to make sure that you know the true value of any current asset you are looking to sell.

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The current asset was sufficiently liquid to satisfy our requirements as we required a specific amount of liquidity to operate.

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The monies they have invested in a CD are coming due in a few months, so the company decided to list them as a current asset not a long term one.

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Current Account Savings Account (CASA) current assets