liquid asset

liquid asset definition - finance
Either cash or an asset that is easily convertible into cash, such as bank deposits or money market fund shares. Typically, a companyÂ’s liquid assets are cash, marketable securities, and accounts receivable. Examples of illiquid assets are real estate, venture capital investments, and limited partnerships.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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