Meaning of the word "liquid assets" in English

What does "liquid assets" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

liquid assets

US /ˈlɪk.wɪd ˈæs.ets/
UK /ˈlɪk.wɪd ˈæs.ets/
"liquid assets" picture

Plural Noun

1.

cash and other assets that can be easily converted into cash, such as marketable securities

Example:
The company has strong liquid assets to cover its short-term liabilities.
It's important to maintain sufficient liquid assets for emergencies.
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