illiquid

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(ĭ-lĭk'wĭd) pronunciation
adj.
  1. Not readily converted into cash: illiquid assets.
  2. Lacking cash or liquid assets.
illiquidity il'li·quid'i·ty n.



Finance: firm that lacks sufficient Cash Flow to meet current and maturing obligations.


Investments: not readily convertible into cash, such as a stock, bond, or commodity that is not traded actively and would be difficult to sell at once without taking a large loss. Other assets for which there is not a ready market, and which therefore may take some time to sell, include real estate and collectibles such as rare stamps, coins, or antique furniture.

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The state of a security or other asset that cannot easily be sold or exchanged for cash without a substantial loss in value. Illiquid assets also cannot be sold quickly because of a lack of ready and willing investors or speculators to purchase the asset. The lack of ready buyers also leads to larger discrepancies between the asking price (from the seller) and the bidding price (from a buyer) than would be found in an orderly market with daily trading activity.

Investopedia Says:
Some examples of inherently illiquid assets include houses, cars, antiques, private company interests and some types of debt instruments. On the other end of the spectrum, most listed securities traded at major exchanges, such as stocks, funds, bonds and commodities are very liquid, and can be sold instantaneously during regular market hours at fair market price.  

Illiquid securities carry higher risks than liquid ones; this becomes especially true during times of market turmoil when the ratio of buyers to sellers may be thrown out of balance. During these times, holders of illiquid securities may find themselves unable to unload them at all, or unable to do so without losing a lot of money.

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Translations:

Illiquid

Top

Dansk (Danish)
adj. - ikke likvid, illikvid

Nederlands (Dutch)
niet liquide

Français (French)
adj. - pas immédiatement convertible (en argent liquide), non liquide

Deutsch (German)
adj. - unliquide (schwer in bares Geld umzuwandeln)

Ελληνική (Greek)
adj. - (νομ.) ατεκμηρίωτος

Italiano (Italian)
difficilmente convertibile in denaro liquido

Português (Portuguese)
adj. - ilíquido

Русский (Russian)
неликвидный, юридически не обоснованный

Español (Spanish)
adj. - no realizable, ilíquido, sin fundamento legal

Svenska (Swedish)
adj. - icke flytande

中文(简体)(Chinese (Simplified))
非现金的, 无流动资金的

中文(繁體)(Chinese (Traditional))
adj. - 非現金的, 無流動資金的

한국어 (Korean)
adj. - 현금이 아닌, 유동 자산이 없는

日本語 (Japanese)
adj. - 現金化できない, 現金不足の

العربيه (Arabic)
‏(صفه) غير سائل‏

עברית (Hebrew)
adj. - ‮(נכס) לא נזיל‬


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Inactive Stock/Bond (finance term)
Liquid Asset (finance term)
Exit Strategy (finance term)