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What are liquid assets?

What are liquid assets? Here are some definitions.

Noun
  1. plural of liquid asset
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Borrowers will also desire less debt, since balance sheet liquidity is a concept in which debt is netted against liquid assets.
All are short-term, highly liquid assets that can easily be converted into cash and used as currency.
Ten percent of it must be in the form of Singapore government securities, with the rest in the form of cash or other liquid assets.
At the same time, greatly heightened demand for safe and liquid assets encouraged shifts from equity markets into deposit assets.
We recommend you hold around three to six months of your net salary in liquid assets.
Most of the wealth has shifted into liquid assets, as uncertain investors stay out of the markets.

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