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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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Non-liquid Asset


Synonyms:illiquid asset
Filed Under: financial-banking, investments
Tags: banking, investment
 

Definition of non-liquid asset

non-liquid asset
1. An asset or possession that cannot be converted into cash quickly. Stocks and bonds are liquid assets because they are easy to sell quickly, but property is considered a non-liquid asset because there is no guarantee it will sell within a certain time period.

Related Terms and Acronyms:

  • adjusted basis   The amount you use to determine your profit or loss from a sale or exchange of property.
  • asset   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.
  • illiquid asset   An asset that cannot be sold easily or in a timely manner for its full value.
  • liquid assets   Cash and other property that can be converted quickly and easily into cash.
  • liquidation   To convert into cash.
  • liquidity   The ability to convert assets to cash quickly, without significant losses.
  • secondary market   A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.

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