quick assets

pl.n.
Liquid assets, including cash on hand and assets readily convertible to cash.

Assets that can be easily be converted into cash or are already in cash form. It is calculated as current assets minus inventories.

Investopedia Says:
Stocks are an example of quick assets.

Liquid property that can be converted easily to cash. For example, a policyowner can borrow readily against the cash value of a life insurance policy. See also Policy Loan.

Current assets of a business, excluding inventories, that could be converted into cash if necessary within a short period, usually one year or less. Also known as liquid assets.

Current asset that can be converted into cash in a short period of time. Examples are cash, marketable securities, and accounts receivable. Certain current assets, such as inventory and prepaid expenses, are excluded.

This entry contains information applicable to United States law only.

Personal property that is readily marketable.

Quick assets are items, such as jewelry, that can be easily converted to cash for immediate use.