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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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In other words, any mixture of liquid assets will be classified as money as long as this mixture passes the correlation test.
There are no liquid assets aside from money, unless there is a central bank.
He said the ratio of liquid assets to total deposits and short term liabilities was above the minimum prudential norm of 50 per cent.
Most of the wealth has shifted into liquid assets, as uncertain investors stay out of the markets.
Borrowers will also desire less debt, since balance sheet liquidity is a concept in which debt is netted against liquid assets.
At the same time, greatly heightened demand for safe and liquid assets encouraged shifts from equity markets into deposit assets.

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