View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What are liquid assets? Liquid assets are cash, or assets that can be easily and quickly converted into cash, such as shares. Recommended Next Read November 29, 2023 Autumn Statement 2023: What it means for your business Related topics Business finances Search for another term Search for: See this term in action 20 November, 2023 4 min read 5 ways to improve your cash flow ahead of Christmas 17 November, 2023 6 min read How to attract angel investors to your startup business 10 November, 2023 6 min read Cash basis and accrual accounting: What is the difference? Learn more about this definition and others Featured reading 15 September, 2023 4 min read Invoice tips round-up: Essential advice to help you get paid on time 20 September, 2023 7 min read What is angel investing? A definitive guide 22 September, 2023 6 min read What the Economic Crime Levy means for accountants and businesses Popular termsWhat is an invoice payment?What is compensation management?What is a credit note?What are drawings?