current assets

plural noun Commerce.

assets that are readily convertible into cash, usually within one year, without loss in value.

Origin of current assets

First recorded in 1905–10

Words nearby current assets

currency bond, currency note, currency principle, current, current account, current assets, current balance, current cost, current density, current efficiency, current expenses

British Dictionary definitions for current assets

current assets

pl n

cash and operating assets that are convertible into cash within a year Also called: floating assets Compare fixed assets