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LSDefine

Simple English definitions for legal terms

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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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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