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

But business owners like Hudson believe the cards remain a "liquid asset", which mean they can easily be turned into cash at full-market price.

From BBC

That would amount to trading one liquid asset for another.

From Barron's

Same logic can be applied for the Fed that’s swapping T-bills for cash—trading one liquid asset for another.

From Barron's

Same logic can be applied for the Fed that’s swapping T-bills for cash—trading one liquid asset for another.

From Barron's

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