Asset that has the ability to floe in and out of any firm during a business cycle. Can also be referred to as a floating asset. In a balance sheet, it is the total sum of items, such as cash and cash equivalents.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser