1) Cash and equivalents 
The assets in a portfolio that possess liquidity, or the total value of those assets.
Assets which can be turned into cash quickly and easily.
These are assets such as shares in a company or unit trust, which can be sold quickly to give a cash amount.
Property that can be rapidly exchanged for cash.
Cash or assets that can be immediately converted to cash.
A company's cash plus assets which can readily be converted into... <a target=_blank href='http://www.finance-glossary.com/terms/liquid-assets.htm?id=859&ginPtrCode=00000&PopupMode=false' title='Read full definition of liquid assets'>more</a>
[n] - assets in the form of money (or easily convertible into money)
current assets noun assets in the form of cash (or easily convertible into cash)
Liquid assets are resources used by all market participants that can be easily converted into cash without losing their value. Typical examples are banknotes, checking accounts, and government bonds.