Liquid asset
An asset in the form of money, or one that can be converted quickly into money.
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- Liquidate
[lik-wi-deyt] /ˈlɪk wɪˌdeɪt/ verb (used with object), liquidated, liquidating. 1. to settle or pay (a debt): to liquidate a claim. 2. to reduce (accounts) to order; determine the amount of (indebtedness or damages). 3. to convert (inventory, securities, or other assets) into cash. 4. to get rid of, especially by killing: to liquidate the enemies […]
- Liquidator
[lik-wi-dey-ter] /ˈlɪk wɪˌdeɪ tər/ noun 1. a person who assets, especially one authorized to do so by a court of law. 2. an official appointed by a court of law to direct the of a business. /ˈlɪkwɪˌdeɪtə/ noun 1. a person assigned to supervise the liquidation of a business concern and whose legal authorization, rights, […]
- Liquidation
[lik-wi-dey-shuh n] /ˌlɪk wɪˈdeɪ ʃən/ noun 1. the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc. 2. the process of converting securities or commodities into cash. 3. the state of being : an estate in liquidation. /ˌlɪkwɪˈdeɪʃən/ noun 1. 2. destruction; elimination n. 1570s, noun […]
- Liquid-compass
noun, Navigation. 1. .
- Liquid crack
noun phrase : 40-ounce bottles of malt liquor sometimes have a nickname among the young people who drink them dry in one sitting: ”liquid crack” (1990s+)