liquid asset

Cultural  

1. An asset in the form of money, or one that can be converted quickly into money.

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Example Sentences

He added that recent volatility in repo markets shows that reserves—a highly liquid asset that banks trade among themselves—have been falling close to levels that match banks’ needs, a sign that a modest level of Fed bond purchases will soon be needed to keep overnight lending markets supplied at appropriate levels.

From The Wall Street Journal

Currently, gold does not qualify as a so-called Tier 1 high quality liquid asset.

From MarketWatch

“The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”

From Seattle Times

The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.

From Reuters

"At the end of the day, Fitch's decision does not change what all of us already know: that Treasury securities remain the world's pre-eminent safe and liquid asset, and that the American economy is fundamentally strong," Yellen added.

From Reuters