cash asset (e.g., cash or an unrestricted bank account) or readily marketable security. A liquid asset can be converted into cash in a short time period without a material concession in price. Excluded from this definition are accounts receivable and inventory.

cash or easily convertible into cash. Some examples: money-market fund shares, U.S. Treasury bills, bank deposits. An investor in an illiquid investment such as a real estate or oil and gas limited partnership is required to have substantial liquid assets, which would serve as a cushion if the illiquid deal did not work out favorably.

In a corporation's financial statements, liquid assets are cash, marketable securities, and accounts receivable.

cash or its equivalents-any asset that is readily convertible to cash. For example, Treasury bills, short-term marketable securities, demand deposits, and time deposits nearing maturity. Liquid assets can be sold quickly without significant loss.

cash or easily convertible into cash. Some examples are money market fund shares, U.S. Treasury bills, and bank deposits. In a corporation's financial statements, liquid assets are cash, marketable securities, and accounts receivable.

a property that can be converted to cash quickly and with minimum loss of value. Such properties are important because they provide the ability to raise a cash down payment to purchase real estate .

Example: Checking accounts, savings accounts (without withdrawal penalties), and money market accounts are liquid assets.