What are liquid assets?
The Bankrate.com financial term of the day is: "Liquid assets."
Your liquid assets most likely would NOT include a swimming pool, waterbed or wine collection, despite what you might immediately think when you hear that term. Instead, the phrase "liquid assets" refers to cash or anything that can be converted into cash quickly and easily. That would include certain accounts and investments, such as stocks and government bonds.
When you need money for a rainy day, you want liquid assets.
To find out more about liquid assets for your portfolio, visit the Investing section at Bankrate.com.