Quick assets, also known as liquid assets, refer to assets that can be easily converted into cash whenever needed. Synonyms of quick assets include cash, cash equivalents, marketable securities, and current assets. These assets are highly valuable to businesses as they can be used to meet short-term financial obligations and emergencies. The term quick assets is commonly used in finance, accounting, and business management. Maintaining a healthy liquidity position by having a good amount of quick assets is a critical success factor for any business. By having enough quick assets, businesses can avoid the risk of default and maintain a healthy financial position.