8 lines
505 B
Markdown
8 lines
505 B
Markdown
# Liquidity
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Liquidity is the state of [assets](assets.md) being liquid, or the ability to easily turn the assets or investments into [currency](currency.md) by finding a buyer for the asset on a [[market.]]
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The inability to find a buyer for an asset makes the asset illiquid.
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## References
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1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
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1. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007. |