Liquid Assets
LIQUID ASSETS
Cash, or property immediately convertible to cash, such assecurities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable.
Although the ownership of real property is considered an asset, it is not a liquid asset because it cannot be readily converted into cash upon sale.
More From encyclopedia.com
Embezzlement , The fraudulent conversion of another's property by a person who is in a position of trust, such as an agent or employee.
Embezzlement is distinguishe… converter , con·vert·er / kənˈvərtər/ (also con·ver·tor) • n. a person or thing that converts something. ∎ a device for altering the nature of an electric curren… Partition , Any division of real property orpersonal propertybetween co-owners, resulting in individual ownership of the interests of each.
The co-ownership of r… Warranty , An assurance, promise, or guaranty by one party that a particular statement of fact is true and may be relied upon by the other party.
Warranties are… Escheat , Escheat
The power of a state to acquire title to property for which there is no owner.
The most common reason that an escheat takes place is that an… Glycogenolysis , glycogenolysis The conversion of glycogen to glucose, which occurs in the liver and is stimulated by glucagon from the pancreas and adrenaline from t…
You Might Also Like
NEARBY TERMS
Liquid Assets