Liquid-asset definition

Either cash or an asset that is easily convertible into cash, such as bank deposits or money market fund shares. Typically, a company’s liquid assets are cash, marketable securities, and accounts receivable. Examples of illiquid assets are real estate, venture capital investments, and limited partnerships.
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An asset in the form of money or cash in hand, or an asset which can be quickly converted into cash without losing much value.
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Other Word Forms

Noun

Singular:
liquid-asset
Plural:
liquid assets