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 April 16, 2024 How National Insurance has changed in 2024 Related topics Business finances Search Search for: See this term in action 16 April, 2024 9 min read How to set your business up for success in the new tax year 16 April, 2024 6 min read Cash basis changes in 2024: What they mean for businesses 2 April, 2024 7 min read What the VAT registration threshold rise means for businesses Learn more about this definition and others Featured reading 11 March, 2024 11 min read Spring Budget 2024: What the announcements mean for your business 7 December, 2023 11 min read HR trends in 2024: Everything HR leaders need to know 22 December, 2023 17 min read The top 14 finance trends in 2024: Everything CFOs need to know Popular termsWhat is a nominal account?What is a P11?What is a P32?What is global human resources management?