(ECONOMICS) An emergency in which a financial or government institution cannot meet its current obligations in an acceptable form of payment. Different from insolvency, which is where that same institution cannot be realistically expected to EVER meet its obligations.
A good example of the difference is a run on a bank, especially in the days before deposit insurance. A perfectly honest, well-run bank could have all of its books in order, and be paying its depositors in legal tender, when suddenly a panic strikes and everyone wants their deposits all at once. This is necessarily impossible, and forces the bank's officers to default on their debts.
Often, the bank could resume operation later when it was established that it held performing assets greater than deposits. More recently, liquidity crises have been a problem suffered by countries facing capital flight
A good example of the difference is a run on a bank, especially in the days before deposit insurance. A perfectly honest, well-run bank could have all of its books in order, and be paying its depositors in legal tender, when suddenly a panic strikes and everyone wants their deposits all at once. This is necessarily impossible, and forces the bank's officers to default on their debts.
Often, the bank could resume operation later when it was established that it held performing assets greater than deposits. More recently, liquidity crises have been a problem suffered by countries facing capital flight
In 1997, several countries in East Asia were stricken with a liquidity crisis. In many cases, such as Malaysia, the panicked response had nothing whatever to do with fundamentals; it was sheer herd mentality.
by Abu Yahya May 05, 2010
Liquid Microdot is also knows as Acid.
Acid is a powerful hallucinogenic drug that alters your perception of the outside world.
Acid can turn you into a gibbering, giggling wreck, make the world seem like a magical place.
During the course of a trip, the entire universe can turn wibbly, colours become deeply intense, everyday objects take on bizarre and sometimes wonderful new forms, and all your senses can become confused and distorted.
Usually coming in the form of small squares of paper, tiny pellets or drops, acid can take anything from 10 minutes minutes to 2 hours to take effect, with trips usually lasting around 7 to 12 hours. There's no real way of knowing how strong a tab is or how it will affect you.
Because of the unexpected and random effects of taking acid, it's always best to take it somewhere you feel comfortable and safe, preferably surrounded by friends you trust.
Acid is a powerful hallucinogenic drug that alters your perception of the outside world.
Acid can turn you into a gibbering, giggling wreck, make the world seem like a magical place.
During the course of a trip, the entire universe can turn wibbly, colours become deeply intense, everyday objects take on bizarre and sometimes wonderful new forms, and all your senses can become confused and distorted.
Usually coming in the form of small squares of paper, tiny pellets or drops, acid can take anything from 10 minutes minutes to 2 hours to take effect, with trips usually lasting around 7 to 12 hours. There's no real way of knowing how strong a tab is or how it will affect you.
Because of the unexpected and random effects of taking acid, it's always best to take it somewhere you feel comfortable and safe, preferably surrounded by friends you trust.
"Well I been trippin' for 10 hours on 3 hits of liquid microdot (I'm on acid)
Gettin' chased around the car by some midgets in the parking lot (I'm on acid)
Feedin' doritos to a tree, a million spiders after me (I'm on acid)"
-Lil Whyte
Gettin' chased around the car by some midgets in the parking lot (I'm on acid)
Feedin' doritos to a tree, a million spiders after me (I'm on acid)"
-Lil Whyte
by GlowstickJuggalette July 22, 2008
A woman who has a few drinks and then starts hitting on-feeling up and kissing on other women. If she is a no-good dirty ho she does this to titilate men or she might do it because she really is that way inclined but too uptight to be herself in everyday life.
After four martinis, Yvette couldn't keep her hands off my tits. While I liked it, it annoys me that she is only a liquid lesbian and will deny everything in the morning.
by suzi-fu June 26, 2007
by doug stevens August 02, 2006
by Greg Woodin September 05, 2006
1. The worst name for a fragrance ever - Karl Lagerfeld's new unisex potion at H&M stores.
The bottle is described as "An elongated glass and metal bottle revealing an amber-hued juice. On the label, a black-and-white photo of the designer, looking relaxed in profile."
2. Any mysterious and inappropriate substance generally found on a NYC subway seat.
The bottle is described as "An elongated glass and metal bottle revealing an amber-hued juice. On the label, a black-and-white photo of the designer, looking relaxed in profile."
2. Any mysterious and inappropriate substance generally found on a NYC subway seat.
1. Wow, you smell great. Thanks, I've doused myself in Liquid Karl.
2. Nobody's sitting in that seat because it's coated in some sort of Liquid Karl.
2. Nobody's sitting in that seat because it's coated in some sort of Liquid Karl.
by Meagan November 16, 2004
by Snapps November 26, 2006