- Cash or cash equivalents, such as securities or documents of title, as specified in the Bankruptcy Code in which both the estate and another party have a vested interest.
hard cash, substance, bankroll, assets, money, funds
Related Terms and Acronyms
- Bankruptcy (BK) — Acronym, Important,
- A court action under the Federal Bankruptcy Code by which a debtor's debts may be discharged, usually by transferring assets to a trustee, or rescheduled.
- Collection — Definition,
- The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
- Liquidation — Definition,
- The practice of selling or redistributing some or all of a business's assets in order to repay debts or pay investors if the business becomes insolvent or is sold in full or in part.
- To convert into cash.
- To settle the outstanding debts by selling property.
- Liquidity — Definition,
- The ability to convert assets to cash quickly, without significant losses.
- Quick Assets (QA) — Acronym,
- Assets that can be liquefied quickly without a loss.
- Quick Liquidity Ratio — Definition,
- A metric used to find if a company has enough liquidity to make it's short term financial obligations.