Meaning of “current asset” in the English Dictionary

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"current asset" in Business English

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current assetnoun [ usually plural ]

uk us also circulating asset

FINANCE, PRODUCTION an asset such as cash, raw materials, parts, or products that are still being made, which a company will use up or sell during the same year:

The company's current asset level is up from $2.9 billion at the start of the year.

(Definition of “current asset” from the Cambridge Business English Dictionary © Cambridge University Press)