The ease and quickness with which assets can be converted ...

The ease and swiftness with which a company or individual’s assets can be converted to cash.

The ease and speed at which assets can be converted to cash.

Accrual Accounting Convention Accrual basis

Accounting liquidity (liquidity) is a measure of the ability of a debtor to pay their debts as and when they fall due. It is usually expressed as a ratio or a percentage of current liabilities.