liquid asset

Definition

A type of asset that can be easily converted into cash.

Use liquid asset in a sentence

You need to keep a hold of a good liquid asset so that you always have funds available to use on a purchase.

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People often seek to trade or sell liquid assets, which are easily converted to cash, when in need of a quick financial fix.

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The liquid asset was vital to our portfolio as we needed at least ten thousand dollars liquid in order to continue investing.

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near money working capital