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Liquid asset
LIQUID ASSET

Definition: Cash on hand or an asset that can be readily converted to cash.
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* All eight elements should be in.


1. Purposeful and necessary to have asset liquid. HERE.

2. Instantly available, whenever needed (see definition)... in pocket, or inside a purse, or being held - not in a piggy bank or savings account. NOW.

3. Ownership question settled; not IOU or on a lease. MINE.

4. Exchange rate, if a foreign currency, is known (if applicable). That is, will give value for money whenever used as a medium of exchange. $$$$.

5. Quantity is adequate or enough to be usable or useful. YES.

6. Cannot spill, or be spilled - not liquid (pun intended) - not sperm, or bottled water, or a substance that can be frozen or change in quality. NOTE.

7. Intact and whole; not to be taxed and/or can not 'evaporate'. OKAY.

8. Sustainable. That is, not worthless or a nothing-gift. In other words, able to serve purpose(s); can be used to trade, save, invest, exchange. HOT.
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Not peanuts.

See perfect PENNY (1).

Not forgeries.

See perfect LIQUIDITY.

Not needing helper.

See perfect FINANCIAL ADVISER.

Not a be-all and end-all.

See perfect BANK OF MUM AND DAD.

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