Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year. The New York Times Financial Glossary
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A company's assets that can be realized easily or rapidly turned into cash. These include inventory (stock in trade), receivables (monies usually due within one year), cash (bank balances) and cash equivalents (marketable securities, government bonds etc.).
Financial and business terms. 2012.