Quick Assets
Also found in: Dictionary, Financial, Acronyms.
Quick Assets
Personal property that is readily marketable.
Quick assets are items, such as jewelry, that can be easily converted to cash for immediate use.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive
272] explained the use of the two terms: "The term '
Quick assets' is used here in the sense in which it is used by Federal Reserve practice.
Cash flow = Net income + Depreciation + Depletion + Amortization Net worth = Common stockholders' equity + Deferred income taxes Cash = Cash + Marketable securities
Quick assets = Cash + Accounts receivable Working capital = Current assets - Current Liabilities Fund expenditures for operations = Operating expenses - Depreciation - Depletion - Amortization Defensive assets =
Quick assetsInterestingly, the bank loan required the borrower to maintain a specified level of "
quick assets," and the portfolio stock served to meet that requirement.
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