These are examples of assets not normally easily disposed of. Key Takeaway: Formally, if an asset isn't expected to be cashable within a year, it isn’t considered a current asset. In business, a ...

If you’ve been wondering what are liquid assets and why they matter, here’s the quick answer: liquid assets are anything you own that can be turned into cash quickly without losing value. These are ...

In simple words, an asset is something of value that you own and can convert to cash. Your car is an asset and so is your house because you could sell either one and receive its value in cash.