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Liquid Assets

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.

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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Although averages vary, some experts say that annual revenue should be about 130 percent of the total liquid assets.
Playbook: crunching the numbers think finances are in good shape? ... by Batarla, Rob / Parks & Recreation
The Congressional Budget Office released a paper last week which signaled only 8% (138) of estates of farmers who left enough assets to owe estate taxes faced a tax payment that exceeded their liquid assets.
CBO: few farms ruined by estate tax in 2000 by Pro Farmer
or those with at least $1 million in financial or liquid assets, jumped to 2.
A third Ferrari, Muffy? by Peters, Charles / Washington Monthly
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