CURRENT ASSET
current asset: translation
current asset current asset ➔ asset
* * *
current asset UK US noun [usually plural] (also circulating asset)
► FINANCE,
PRODUCTION »
Some current assets are needed to maintain company operations and would not normally be available to meet short-term obligations.
»
The company's current asset level is up from $2.9 billion at the start of the year.
→ Compare FIXED ASSET(Cf. ↑fixed asset), CAPITAL ASSET(Cf. ↑capital asset)