Liquid assets differ from non-liquid assets, such as property, vehicles or jewelry, which can take longer to sell and therefore convert to cash, and may lose value in the sale.

Some Examples of liquid assets:
Cash or currency: The cash you physically have on hand.
Bank accounts: The money in your checking account or savings account.
Accounts receivable: The money owed to your business by your customers.
Mutual funds: A fund that pools money from many different investors into a diverse portfolio.