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Monday, June 12, 2006

Liquid asset

Any item of value that can be quickly turned into cash

Your liquid assets are the easiest to cash, which is especially helpful when you are gathering money for a down payment on a home. The best examples of liquid assets are certificate of deposits (CDs) and money market accounts. Real estate, boats, antique furniture, and collectible plates are not liquid assets since they take time to sell.
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