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(n.) Assets owned by a person or organisation that can quickly be redeemed for cash (This also includes cash and bank balance).
Debtors do not count as liquid assets because there is no garuantee that cash can be recieved from the.
by Gumba Gumba May 13, 2004
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Nov 26 Word of the Day
A tiny, almost imperceptible cough, usually hidden behind a mask due to; emphysema, asthma, allergies or the dreaded COVID, so as not to alarm others to your potential of being “the infected.”
I was walking through the grocery store and I had a tickle in my throat but I didn’t want people to think I was contagious so I let out a microcough.
by PeteLoaf320 November 25, 2020
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Any type of alcohol (especially beer and liquor). This term is typically used in social contexts--but definitely not at a highbrow cocktail party. Use this term when you don't want to be blatant about your alcohol consumption (in front of parents, grown-ups, etc) or when you just want to sound fratty.
Teenage kid #1: Hey, dude, are we set for the party tonight?
Kid #2: Yeah, don't worry. My big brother already picked up the liquid assets for us.
Kid #1: Sweet. Thanks.
by urbanite2 May 31, 2010
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