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Simple English definitions for legal terms

net quick assets

Read a random definition: freedom of intimate association

A quick definition of net quick assets:

Net Quick Assets: This is a term used to describe the amount of money a company has left over after subtracting its liabilities from its quick assets. Quick assets are assets that can be easily converted into cash, such as cash itself, accounts receivable, and inventory. The net quick assets are important because they show how much money a company has available to pay off its debts quickly.

A more thorough explanation:

Definition: Net quick assets refer to the difference between a company's quick assets (assets that can be easily converted into cash) and its current liabilities. It is a measure of a company's ability to pay off its short-term debts using its most liquid assets.

Example: If a company has $100,000 in quick assets (such as cash, marketable securities, and accounts receivable) and $50,000 in current liabilities (such as accounts payable and short-term loans), its net quick assets would be $50,000 ($100,000 - $50,000).

Explanation: The example illustrates how net quick assets are calculated by subtracting current liabilities from quick assets. In this case, the company has enough liquid assets to cover its short-term debts with $50,000 left over. This indicates that the company is in a good financial position and has the ability to meet its obligations in the short term.

net-profits interest | net realizable value

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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