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Liquidity

How easily an asset can be bought or sold without affecting price.

Liquidity refers to the ease of converting an asset to cash. Highly liquid assets like large-cap stocks trade frequently with narrow bid-ask spreads. Illiquid assets may be difficult to sell quickly without accepting a lower price. Liquidity risk is especially important during market stress when buyers become scarce.

Key Takeaways

  • Context matters when interpreting any financial metric.
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Quick Reference

Category
trading
Difficulty
Beginner
Reading Time
1 min

Where You'll See This

This concept appears throughout stock detail pages and financial data.