What does liquidity mean?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter16: Financially Troubled Ventures: Turnaround Opportunities?
Section16.2: The Troubled Venture And Financial Distress
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What does liquidity mean?

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Step 1

Liquidity:

Liquidity basically refers to how much fast and easily
an asset can be
converted into cash.
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