Difference between revisions of "Liquid asset"
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| − | + | [[Liquid asset]] is an asset that can be converted to cash quickly without having to reduce the asset's price very much. | |
==Definitions== | ==Definitions== | ||
According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| − | : | + | :[[Liquid asset]]. An asset that can be converted to cash quickly without having to reduce the asset's price very much. |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 18:21, 1 November 2019
Liquid asset is an asset that can be converted to cash quickly without having to reduce the asset's price very much.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Liquid asset. An asset that can be converted to cash quickly without having to reduce the asset's price very much.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
