An asset in the form of money, or one that can be converted quickly into money.
Words That Are Older Than You ThinkRead more in this article about some frequently asked questions and fun facts related to our definitions.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.