Liquid
Legal definition for Indian law research
Definition
liquid
1 a : consisting of cash or capable of ready conversion into cash [ assets]
b : capable of covering current liabilities out of current assets esp. in a rapid manner [a insurer]
2 : of or relating to a security or commodity with enough shares or units outstanding to hinder significant price variation from large transactions
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.