Liquid Asset definition

Liquid Asset means an asset, other than functional currency or funds held in bank accounts, held to provide a relatively immediate source of funds to satisfy the liquidity needs of the trade or business. "Liquid assets" include:

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Liquid Asset means cash & bank balance and fixed deposits in the name of the bidder as certified by a Chartered Accountant on the date not more than one month before the issuance of the tender.”

Liquid Asset means an asset that can be converted into cash in a short time, with little or no loss in value. Examples include: checking accounts, saving accounts, insurance policies (cash value), stocks, CD's, mutual fund accounts, and 401K's/IRA's (minimum retirement age must be reached to be considered liquid).

Examples of Liquid Asset in a sentence

• Specially Designated Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise.

• SPECIALLY DESIGNATED DIVISIONS When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise.

• Where used in this Contract, Special Funds are [the Liquid Asset Division, the Limited Maturity Bond Division, the Fixed Allocations and the Guaranteed Interest Division].

• FUNDS ------------- Where used in this Endorsement, Special Funds are [the Liquid Asset Division, the Limited Maturity Bond Division, the Fixed Allocations and the Guaranteed Interest Division].

• SPECIALLY DESIGNATED DIVISIONS When a distribution is made from an investment portfolio underlying a Variable Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise.

More Definitions of Liquid Asset

Liquid Asset means any of the following, but only to the extent owned individually, free of all security interests, liens, pledges, charges or any other encumbrance: (a) cash, (b) certificates of deposit (with a maturity of two years or less) issued by, or savings account with, any bank or other financial institution reasonably acceptable to Lender or (c) marketable securities listed on a national or international exchange reasonably acceptable to Lender, marked to market.

Liquid Asset means cash or another financial instrument that is readily convertible to cash.

Liquid Asset means any of the following, but only to the extent owned individually, free of security interests, liens, pledges, charges or any other encumbrance: (a) cash, (b) certificates of deposit (with a maturity of two years or less) issued by, or savings account with, any bank or other financial institution reasonably acceptable to County, or (c) marketable securities listed on a national or international exchange, marked to market; and “Net Worth” shall mean, as of a given date, (x) Transferee’s total assets as of such date less (y) Transferee’s total liabilities (taking into consideration contingent liabilities) as of such date, determined in accordance with generally accepted accounting principles, consistently applied.

Liquid Asset means an asset which can easily be converted into cash;

Liquid Asset means, for the financial assistance programs, cash and any other personal property that can be quickly converted to cash. Examples are bank ac- counts, bonds, and stocks. For the food stamp program, "liquid asset" means cash and other assets excluding personal property that can be quickly converted to cash including, but not limited to, bank accounts, stocks, bonds, and lump sum payments.

Liquid Asset means any of the following, but only to the extent owned individually, free of all security interests, liens, pledges, charges or any other encumbrance: (a) cash, (b) certificates of deposit (with a maturity of two years or less) issued by, or savings account with, any bank or other financial institution reasonably acceptable to Lender, or (c) marketable securities (including United States treasury securities) listed on a national or international exchange reasonably acceptable to Lender, marked to market; provided that Liquid Assets shall not include any asset that is a part of any of the Properties or that is otherwise part of the collateral for the Loan.

Liquid Asset means cash or another financial instrument which is readily convertible to cash.