2. In personal finance, current assets are all assets that a person can readily convert to cash to pay outstanding debts and cover liabilities without having to sell fixed assets.
In the United Kingdom, current assets are also known as "current accounts."
1. Current assets are important to businesses because they are the assets that are used to fund day-to-day operations and pay ongoing expenses. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency.
2. In personal finance, current assets include cash on hand and in the bank, and marketable securities that are not tied up in long-term investments. In other words, current assets are anything of value that is highly liquid.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
current assets — N COUNT Current assets are assets which a company does not use on a continuous basis, such as stocks and debts, but which can be converted into cash within one year. [BUSINESS] The company lists its current assets at $56.9 million … English dictionary
current assets — n. Property of a business that could or will be converted into cash as part of normal operations in the immediate future, usually within the year. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… … Law dictionary
Current assets — Cash and other assets that are expected to be turned into cash, sold, or exchanged within the normal operating cycle of the utility, usually one year. Current assets include cash, marketable securities, receivables, inventory, and current… … Energy terms
current assets — trumpalaikis turtas statusas T sritis turto vertinimas apibrėžtis Pinigai, pinigų ekvivalentai ir turtas, kuriuos pagrįstai tikimasi per vienus metus paversti grynaisiais pinigais vykdant įprastą verslo veiklą. atitikmenys: angl. current assets… … Lithuanian dictionary (lietuvių žodynas)
current assets — includes cash, short term deposits, customers accounts, stock (includes work in progress, raw materials and finished goods), that will be converted into cash during the normal course of business, within a year. Glossary of Business Terms The… … Financial and business terms
current assets — noun assets in the form of cash (or easily convertible into cash) • Syn: ↑liquid assets, ↑quick assets • Usage Domain: ↑plural, ↑plural form • Hypernyms: ↑assets … Useful english dictionary
current assets — circulating assets; = circulating capital; = floating assets The assets of an organization that are constantly changing their form and are circulating from cash to goods and back to cash again. Cash is used to purchase raw materials, which become … Accounting dictionary
current assets — circulating assets; circulating capital; floating assets The assets of an organization that are constantly changing their form and are circulating from cash to goods and back to cash again. Cash is used to purchase raw materials, which become… … Big dictionary of business and management
Current assets — Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year. The New York Times Financial Glossary * * * A company s assets that can be realized easily or rapidly… … Financial and business terms
current assets — plural noun cash and other assets that are expected to be converted to cash within a year. Compare with fixed assets … English new terms dictionary