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What does liquidity mean?

Looking for the meaning or definition of the word liquidity? Here's what it means.

Noun
  1. (finance) The degree of which something is in high supply and demand, making it easily convertible to cash
  2. (uncountable) The state or property of being liquid.
  3. (economics) An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.
  4. (finance) Availability of cash over short term: ability to service short-term debt.
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Examples
Although the evidence is mixed, some prior research has shown that liquidity is associated with repurchase plan adoption.
Was it the quants who failed to imagine how big price distortions could get across all markets when liquidity evaporates?
In the process, companies are finding that assets other than inventory and receivables can be mined for liquidity.
A lot of the excess liquidity you speak of can be traced to the aggressiveness of their monetary policy.
But the huge provision of liquidity by the Federal Reserve could weigh against the dollar.
Central banks last night said that they were ready to offer liquidity when markets open today.

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