- An asset or security that cannot easily be sold for its full market value. Classic examples of illiquid assets include vehicles, property, and ownership stakes in private businesses.
cash, property, equity, belongings, capital
Related Terms and Acronyms
- Actual Cash Value (ACV) — Acronym,
- The replacement cost of an insured asset with depreciation accounted for.
- The amount of money that a broker or dealer has invested in the purchase and repair of a used vehicle.
- Asset — Definition,
- Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
- Equity — Definition,
- Ownership in an asset.
- The value of a property minus outstanding mortgage debt and other liens.
- Full Market Value — Definition,
- In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.
- Intangible Asset — Definition,
- Non-physical resources or rights to other assets. Patents, goodwill, permits and computer programs are examples of intangible assets.
- Intangible Property — Definition,
- Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
- Liquid Assets — Definition,
- Cash and other property that can be converted quickly and easily into cash.
- Liquidation — Definition,
- To settle the outstanding debts by selling property.
- To convert into cash.
- 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.
- Liquidity — Definition,
- The ability to convert assets to cash quickly, without significant losses.
- Net Worth — Definition,
- The total value of all assets, such as house, car, furniture and investments, minus all debts, such as mortgages and credit card bills.
- Non-liquid Asset — Definition,
- A possession that can't be transformed readily into cash. Stocks and bonds are liquid assets because they can be sold easily; a house is a non-liquid asset because it takes time to sell.
- Receivership — Definition,
- A form of bankruptcy where a person is appointed to take control of a company and is responsible for recouping unpaid debts.
- Solvency — Definition,
- To be able to meet one's financial liabilities in the short or long term.