Working Capital - That part of capital used in the active operations of a business. It may consist
of (a) Capital stock subscribed and paid. (b) Capital stock sold to stockholders to raise cash, (c)
Dividends or surplus undistributed, (d) Part of purchase money of a business allowed to remain
unpaid, (e) Loans from bank or otherwise, (f) Proceeds of accommodation notes, (g) Proceeds of
sale of bonds, (h) Assessment on stockholders. (American Encyclopedia.)
All assets available for the carrying on of a business, such as cash, accounts and notes
receivable, and inventories. Those assets which are the subject of the company's business or may
be easily converted into cash.