current asset Meaning in the Cambridge English Dictionary
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Meaning of “current asset” in the English Dictionary

"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, rawmaterials, ​parts, or ​products that are still being made, which a ​company will use up or ​sell during the same ​year: Some ​currentassets are needed to ​maintaincompanyoperations and would not ​normally be ​available to ​meetshort-termobligations. The company's currentassetlevel 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)
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