current asset

Definition of "current asset"
  1. An element of possession, such as product stocks, receivables accounts, or promissory notes, that can be easily and swiftly transformed into cash in a short time period
How to use "current asset" in a sentence
  1. The company's financial status improved due to the successful conversion of its current asset into cash.
  2. Their current asset is primarily made up of stocks, which they plan to sell in the coming months.
  3. To meet immediate operational expenses, they decided to liquidate their current asset.

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