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Liquid assets include cash, money market instruments, short-term bonds, marketable securities, and other investments that can be exchanged for cash relatively quickly and without losing much...
Liquid Assets are the business assets that can be converted into cash within a short period and include the assets such as cash, marketable securities, and money market instruments. They are shown on the asset side of the company's balance sheet.
Liquidity means that you can readily access an asset as cash. While you might own any number of valuable assets (e.g., your home, retirement accounts, collectibles) and these can be considered part of your overall net worth, only liquid assets can generate cash quickly, when circumstances demand it.