These assets are ones that translate easily to cash. For example, money in a personal bank account represents a liquid asset; whereas a home or artwork which are investments don’t have a distinct cash value.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser