quick assets

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quick assets

pl.n.

Liquid assets, including cash on hand and assets readily convertible to cash.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

quick assets

pl n

(Accounting & Book-keeping) accounting assets readily convertible into cash; liquid current assets

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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Noun

quick assets - assets in the form of cash (or easily convertible into cash)

current assets, liquid assets

plural, plural form - the form of a word that is used to denote more than one

assets - anything of material value or usefulness that is owned by a person or company

capital, working capital - assets available for use in the production of further assets

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Furthermore, it is noteworthy that ADIB's quick asset to total asset ratio was 25.9 per cent at the end of Q2 2013.

Abu Dhabi Islamic Bank (ADIB) Q2 net up 15.1 per cent -- results in detail

These receivables could be classified as traditional receivables, and thus be considered a quick asset, or they could be considered a prepaid asset and excluded from quick assets.