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Highly liquid assets that a company holds. Quick assets are either cash and cash equivalents or anything that can quickly be changed into them. Examples include stocks and bonds. See also: Current assets.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A current asset that is easily convertible into cash with no loss of value. Quick assets are often calculated as current assets minus inventories. See also net quick assets.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.