Quick Assets (Noun)
Meaning
Assets in the form of cash (or easily convertible into cash).
Classification
Nouns denoting possession and transfer of possession.
Usages
Examples
- The company's quick assets, such as stocks and bonds, were sold to pay off its outstanding debts.
- To remain financially stable, it's essential to have a portion of your portfolio invested in quick assets.
- After reviewing the financial statements, the auditor identified the firm's quick assets as its primary source of liquidity.
- The business owner decided to diversify her investments by converting some of her quick assets into long-term assets.
- During times of financial stress, having a cushion of quick assets can be a lifesaver for small businesses and individuals alike.