liquid assets


(n.) -ssets owned by a person or organisation that can quickly be redeemed for cash (this also includes cash and bank balance).
debtors do not count as liquid -ssets because there is no garuantee that cash can be recieved from the.
any type of alcohol (especially beer and liquor). this term is typically used in social contexts–but definitely not at a highbrow c-cktail party. use this term when you don’t want to be blatant about your alcohol consumption (in front of parents, grown-ups, etc) or when you just want to sound fratty.
teenage kid #1: hey, dude, are we set for the party tonight?
kid #2: yeah, don’t worry. my big brother already picked up the liquid -ssets for us.
kid #1: sweet. thanks.

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