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LSDefine

Simple English definitions for legal terms

liquid asset

Read a random definition: analytical jurisprudence

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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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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