liquid asset
/ˈlɪkwɪd ˈæsɛt/ · liq·uid as·set
noun
- A financial asset that can be easily converted into cash, such as stocks, bonds, or mutual funds. The company's liquid assets allowed it to weather the economic downturn.
- A valuable resource that can be easily used or sold, such as a skill or expertise. Her liquid asset as a skilled programmer helped her secure a high-paying job.
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Did you know? The concept of liquid assets is crucial in finance, as it allows companies and individuals to manage risk and make informed investment decisions.