liquid asset

  

Definition

An asset that can be converted into cash in a short time, with little or no loss in value.

Liquid assets include items such as accounts receivable, demand and time deposits, gilt edged securities. In some countries, precious metals (usually gold and silver) are also considered liquid assets. Also called quick asset.


Use liquid asset in a sentence

  • Although a savings account does not generate much interest, it is a much more liquid asset than a house or painting.

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  • The liquid asset was needed for the firm to own because they needed to be able to have access to cash if needed.

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  • I own a beautiful home, luxurious car, but I often consider refinancing because my easy access to any substantial liquid asset just does not exist.

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