Liquid assets are easily convertible into cash to meet obligations (such as debt payments) An asset's liquidity reflects the ease with which the asset can be converted into cash
Assets included in the Collateral and consisting of cash, deposit accounts (net of any applicable withdrawal fees); mutual fund shares (net of any applicable redemption charges) that may be currently and ordinarily redeemed in cash at the current net asset value per share each day
Cash and all other assets that can be converted to cash relatively quickly Liquid assets can include money in savings and checking accounts, money-market accounts, and most certificates of deposit
Cash and other short-term assets that are expected to be converted to cash within a short period of time First items presented on asset side of Balance Sheet (Source: FHA Handbook 4370 4 REV-1, Appendix 2)
Interest-bearing balances due from depository institutions, average federal funds sold and securities purchased under agreements to resell, assets held in trading accounts (net of revaluation gains), and the market value of securities less the value of pledged securities (market value of available-for-sale pledged securities plus book value of held-to-maturity pledged securities), divided by total assets
Cash and all other assets that can be converted to cash relatively quicklyLiquid assets can include money in savings and checking accounts, money-market accounts, and most certificates of deposit
Cash and all other assets that can be converted to cash relatively quickly Liquid assets can include money in savings and accounts, money-market accounts, and most certificates of deposit