c. 1300, curraunt, "running, flowing, moving along" (a sense now archaic), from Old French corant "running, lively, eager, swift," present participle of corre "to run," from Latin currere "to run, move quickly" (of persons or things), from PIE root *kers- "to run." Related: Currentness.
Sense of "presently in effect" is from mid-15c. Meaning "prevalent, generally reported or known" is from 1560s; that of "established by common consent" is from 1590s; that of "now passing, present now, in progress" is from c. 1600. Of money, "passing from one person to another," late 15c. Current events is attested from 1795; current affairs by 1776.
1530s, "sufficient estate," from Anglo-French assetz, asetz (singular), from Old French assez "sufficiency, satisfaction; compensation" (11c.), noun use of adverb meaning "enough, sufficiently; very much, a great deal," from Vulgar Latin *ad satis "to sufficiency," from Latin ad "to" (see ad-) + satis "enough" (from PIE root *sa- "to satisfy").
At first a legal word meaning "sufficient estate" (to satisfy debts and legacies), it passed into a general sense of "property," especially "any property that theoretically can be converted to ready money" by 1580s. The figurative use from 1670s. Asset is a 19c. artificial singular. Corporate asset stripping is attested from 1972.
late 14c., curraunt, "that which runs or flows," from Old French corant (Modern French courant), from Old French corant (see current (adj.)). Meaning "a flowing," especially "portion of a large body of water or air moving in a certain direction," is from 1550s. Applied from 1747 to the flowing of electrical force through a conducting body (electricity formerly was regarded as a sort of fluid).
1860, "act of converting (assets) to capital," noun of action from capitalize in the financial sense. The meaning "act of writing or printing in capital letters" is recorded from 1847, from the writing sense.