Define: Current Asset

Business, Legal & Accounting Glossary

Definition: Current Asset


Quick Summary of Current Asset


An asset that is expected to be converted into cash within the trading cycle.



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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/current-asset/
Modern Language Association (MLA):
Current Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/current-asset/.
Chicago Manual of Style (CMS):
Current Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/current-asset/ (accessed: April 07, 2020).
American Psychological Association (APA):
Current Asset. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/current-asset/

Definition Sources


Definitions for Current Asset are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December, 2018