Stocks and other negotiable instruments which can be easily bought and sold on either listed exchanges or over-the-counter markets Financial assets, such as stocks and bonds, that companies can convert to cash Listed as assets on the statement of financial position An investment in a security that can be readily sold when cash is needed
Stocks and other negotiable instruments which can be easily bought and sold on either listed exchanges or over-the-counter markets
Securities that can be easily sold--that is, any asset that can be readily converted into cash, for example--government securities and commercial paper