Financial Dictionary
current asset
- Cash or an asset expected to be converted into cash within one year. In addition to cash, current assets include marketable securities, accounts receivable, inventories, and prepaid expenses. Current assets are typically not very profitable but tend to add liquidity and safety to a firm's operation. Also called gross working capital.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary
Main Entry:
current assetsee
ASSET 2
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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