Quick Assets

Definition

• Assets which can be converted into liquid cash quickly without taking a significant loss in the sale.

Synonyms
sellable goods, easily liquidated, cheques, pawn off, cash, releasable assets, quickly redeemed goods

Acronyms
QA

Related Terms and Acronyms

• Cash Collateral — Definition,
  • The proceeds of cash collected from the sale of liquid assets while in bankruptcy.
• Liquid Assets — Definition,
  • Cash and other property that can be converted quickly and easily into cash.
• Liquidity — Definition,
  • The ability to convert assets to cash quickly, without significant losses.
• Quick Liquidity Ratio — Definition,
  • A metric used to find if a company has enough liquidity to make it's short term financial obligations.