Liquidity

Beginner Level Global Banking & Finance 2 views

Definition

The ease with which an asset can be converted into cash without significantly affecting its price.

Detailed Explanation

Cash is the most liquid asset. Real estate is less liquid as selling takes time. Liquidity is crucial for meeting short-term obligations. Companies need working capital for operational liquidity.

Example

Stocks of large companies are highly liquid as they can be sold instantly on exchanges.

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