Liquid Assets
/ˈlɪkwɪd əˌsɛts/
Definitions
- (n.) Assets that can be quickly converted into cash without significant loss of value, typically used to meet short-term obligations.
The company increased its liquid assets to ensure it could cover upcoming debts.
Forms
- liquid assets
- liquid asset
Related terms
See also
Commentary
In legal and financial contexts, distinguishing liquid assets from illiquid assets is crucial for evaluating solvency and financial stability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.