 
				
				
			
				 How quickly an asset can be turned into cash. In fact cash is the most liquid asset. A bank account is also very liquid, as you can (usually) get the money straight away. But your house is NOT a very liquid asset, because it may take some time to sell
 
		 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
					 
 
							 
 
							 
 
							 
 
							 
 
							 
		 
				 
				 
				