What is a liquid assets

A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value ... Investments are considered liquid assets because they can be readily liquidated

It means some stuff you have that can be easily turned into cash

basically stuff that can be liquidated into money (doesn't necicarliy mean it can be melted)

money is liquid asset

gold I think is liquid asset

some stuff that isn't is buildings because they have to be sold and that takes time