MLchartDataset catalogue

Liquid asset

Term · Law · MLC-T-LAW-003069

Cash or any asset that can be converted into cash quickly with little to no loss of value. In legal contexts, such as bankruptcy or estate settlement, identifying and valuing these assets is a primary step in satisfying debts and distributing property. Examples include money in checking or savings accounts, marketable securities like stocks and bonds, and money market instruments.

Table 1. Record
IdentifierMLC-T-LAW-003069
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003069",
  "term": "Liquid asset",
  "field": "Law",
  "definition": "Cash or any asset that can be converted into cash quickly with little to no loss of value. In legal contexts, such as bankruptcy or estate settlement, identifying and valuing these assets is a primary step in satisfying debts and distributing property. Examples include money in checking or savings accounts, marketable securities like stocks and bonds, and money market instruments.",
  "url": "https://mlchart.com/terminology/law/liquid-asset/"
}

Record 3,024 of 5,439 in Law terminology (MLC-0107). Request the full dataset.