Refer to current assets which are readily convertible into cash. These quick assets are often defined as current assets minus inventory values. Found on http://www.oasismanagement.com/glossary/
Quick assets are assets that can be used up or realized (turned into cash) in less than one year or?operating cycle. These assets usually include cash, cash equivalents, accounts receivable, inventory, supplies, and temporary investments. Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction