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LSDefine

Simple English definitions for legal terms

quick asset

Read a random definition: proceeds and avails

A quick definition of quick asset:

A quick asset is something that a person or company owns that has value and can be easily turned into cash. This includes things like money in the bank, inventory, equipment, and accounts receivable. Quick assets are important because they can be used to pay bills or debts quickly if needed. Other types of assets, like property or investments, may take longer to turn into cash and are not considered quick assets.

A more thorough explanation:

A quick asset is an item that is owned and has value. It is readily convertible into cash, such as a marketable security, a note, or an account receivable. Current assets are examples of quick assets, which are expected to be converted to cash, sold, or consumed during the next twelve months. These assets are important for a business to have because they can be used to pay off debts or invest in new opportunities.

For example, a company may have accounts receivable from customers who have not yet paid for their purchases. These accounts receivable are quick assets because they can be converted into cash relatively quickly. Another example of a quick asset is inventory that a company plans to sell in the near future.

Quick assets are important for a company's liquidity, which is its ability to meet short-term obligations. If a company has a lot of quick assets, it is considered to be more liquid and less risky than a company with fewer quick assets.

qui cedit foro | quick-asset ratio

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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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