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Simple English definitions for legal terms

liquid asset

Read a random definition: illegitimate

A quick definition of liquid asset:

Liquid asset: A liquid asset is something that can be easily turned into cash, like money in a bank account or stocks that can be sold quickly. This is different from things like houses or cars, which take longer to sell and might not be worth as much when they are sold. Companies need to have enough liquid assets to pay their bills and other short-term expenses. They can figure out how much they have by comparing their liquid assets to their current debts.

A more thorough explanation:

Definition: Liquid assets are assets that can be easily and quickly converted into cash. These include cash on hand, cash in bank deposits, stocks, bonds, and certificates of deposit.

Examples:

  • Cash on hand
  • Cash in bank deposits
  • Stocks
  • Bonds
  • Certificates of deposit

Explanation:

These examples illustrate how liquid assets are assets that can be easily converted into cash. For example, if you have stocks, you can sell them quickly and get cash in return. Similarly, if you have a certificate of deposit, you can withdraw the money without any penalty. These assets are different from non-liquid assets like property or jewelry, which can take longer to sell and may lose value in the sale.

Companies also need to keep a certain amount of liquid assets to meet short-term obligations. They can measure their liquidity by comparing the amount of liquid assets with the amount of current liabilities.

liquefied natural gas rates | liquidate

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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