Business and Personal Finance Dictionary

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• LIQUID ASSET
  
  Liquid assets include cash, money in bank accounts, and investments that can be converted readily to cash with little loss of value. Money market mutual funds and US Treasury bills are often described as liquid assets. Most stocks, bonds, and stock and bond mutual funds are also liquid in the sense that they can be sold easily for cash. But since their prices fluctuate, there is always the chance of having to sell at a loss if you need the money quickly.
  
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