Liquid Assets at Legal Glossary

What is it? Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

Law Definition Added By: Katie

Send To Friends!

If you'd like to send the Liquid Assets definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Liquid Assets. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Legal Terms:

Law Terms inure is To take effect, or to benefit someone. In property law, the term means to vest. For example, Jim buys a beach house that includes the right to travel across the neighbors property to get to the water. That right of way is said, cryptically, to inure to the benefit of Jim.

Law Terms deed of trust is See trust deed.

Law Terms Fair Credit Billing Act (FCBA) is A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

Law Terms mandatory is Required, compulsory or obligatory.

Law Terms unjust enrichment is A legal doctrine stating that if a person receives money or other property through no effort of his own, at the expense of another, the recipient should return the property to the rightful owner, even if the property was not obtained illegally. Most courts will order that the property be returned if the party who has suffered the loss brings a lawsuit.