Is the ability to change things or assets to cash, such as the sale of enough of it would have no cash back. To have a high or low liquidity depends on the type of assets that will turn it into money and how long is it's a lot of demand and supply with high liquidity can be turned into cash as soon as possible. Part of it has low liquidity will not be able to cash in as soon as possible, but it requires a cleaning duration depending on what kind of asset, owned or, for example, sell stocks.
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