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Sorry, maybe I am being dense, but isn't that pretty much where it is? I mean, when articles talk about "cash reserves" don't they precisely mean immediately li

Sorry, maybe I am being dense, but isn't that pretty much where it is? I mean, when articles talk about "cash reserves" don't they precisely mean immediately liquid assets, or does that include invested income as well?

jedberg 9y ago
It means "readily convertible". So stocks, mutual funds, other currency reserves, bonds, etc. Things that if you needed cash right now you could quickly turn into cash.
- Clubber 9y ago
  An example of a non-liquid asset would be real estate.