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LSDefine

Simple English definitions for legal terms

illiquid asset

Read a random definition: substitution of attorney

A quick definition of illiquid asset:

An illiquid asset is something that you own that is hard to turn into cash quickly. This could be because there isn't a big demand for it, there isn't a market for it, or it takes a long time and costs a lot of money to sell it (like real estate). It's important to know if you have illiquid assets because you might not be able to use them to pay for things right away.

A more thorough explanation:

Definition: An illiquid asset is an item that has value but is not easily converted into cash. This can be due to a lack of demand, no established market, or high costs associated with liquidation.

Examples: Real estate is an example of an illiquid asset because it can take a long time to sell and there may not be a lot of buyers interested in purchasing it. Another example is a collectible item, such as a rare stamp or coin, which may have value but can be difficult to sell quickly.

Explanation: Illiquid assets are not easily converted into cash, which can make them challenging to use in financial transactions. For example, if a person needs to raise money quickly, they may not be able to sell their illiquid assets in time to meet their financial needs. This can make illiquid assets less desirable than liquid assets, such as cash or stocks, which can be easily converted into cash.

illicenciatus | illusory

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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