current asset
noun [ usually plural ]
ukus(also circulating asset) FINANCE, PRODUCTION
an asset such as cash, raw materials, parts, or products that are still being made, which a company will use up or sell during the same year:
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
capital asset