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LSDefine

Simple English definitions for legal terms

liquid

Read a random definition: trade surplus

A quick definition of liquid:

Term: LIQUID

Definition: Liquid means that something can be easily turned into money. For example, if you have a toy that you can sell quickly for cash, it is a liquid asset. If a person or company has things that they can sell quickly for money, they are considered to be liquid.

A more thorough explanation:

Definition: Liquid is an adjective used to describe assets that can be easily converted into cash. It can also describe a person or entity that possesses assets that can be readily converted into cash.

Examples:

  • A savings account is a liquid asset because the money can be easily withdrawn.
  • Stocks and bonds are also considered liquid assets because they can be sold quickly for cash.
  • If a company has a lot of cash on hand, it is considered to be a liquid entity.

The examples illustrate the definition of liquid by showing how assets or entities can be easily converted into cash. This is important because it allows individuals and companies to have access to funds when they need them, which can be crucial in certain situations.

liquere | liquidated

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ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
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