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liquid asset

   Also found in: Financial, Wikipedia 0.03 sec.

liquid asset

Possession or valuable that is in the form of cash or can easily be turned into cash. Liquidity is important for a company because if it does not have enough liquid assets, it can go bankrupt as a result of a cash flow crisis.



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If you have valuable assets in your estate but they would take time to sell, or if you have assets that you don’t want sold, life insurance creates a liquid asset available at death.
In addition, whatever changes do take place must come with an extensive transition period to take into account that real estate is not a liquid asset.
Rimmel Vinyl Stars Lip Gloss in Liquid Asset, $4, Wal-mart
 
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