Liquid

Definition:

In context of securities, easily traded or converted to cash.
In context of a corporation, the state of having enough cash and cash equivalents to cover short-term obligations.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Forward forward contract

In Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to at a fixed price for future delivery.

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