current asset definition

  • noun:
    • An asset from the balance sheet which can be likely to be offered or otherwise used-up soon, typically within 12 months, or one business cycle - whichever is longer, such as cash, accounts receivable, and inventory.
    • a secured asset on stability sheet that will be anticipated to be sold or perhaps used-up soon, typically within one-year, or one business period - whichever is longer, such as for example money, accounts receivable, and stock.

Related Sources

  • Antonym for "current asset"
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