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Tags: accounting, business
Categories: Economics & Finance
A type of asset that can be easily converted into cash with minimal impact to the price received. Liquid assets are generally regarded in the same light as cash because their prices are relatively stable when they are sold on the open market.
(source: http://www.investopedia.com/terms/l/liquidasset.asp#axzz24vO2W9qL)
(source: http://www.investorwords.com/13510/liquid_asset.html)
