Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Legislative Veto to Lloyd's

Liquid Assets

cash property

Cash, or property immediately convertible to cash, such as SECURITIES, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable.

Although the ownership of real property is considered an asset, it is not a liquid asset because it cannot be readily converted into cash upon sale.

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