Liquid asset
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.
