quick assets

Definition

Cash and other assets which can or will be converted into cash fairly soon, such as accounts receivable and marketable securities; or equivalently, current assets minus inventory.

Use quick assets in a sentence

You should try and have some quick assets on hand that you can dump if you need money for a better spot.

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We had enough quick assets to last us a long time and that made all of us very happy to be part of the business.

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The quick assets were especially useful to have on our new balance sheet as we wanted to remain maximally liquid.

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Mentioned in these terms

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