Main Entry: il·liq·uid

Pronunciation: \(ˌ)i(l)-ˈlik-wəd\

Function: adjective

Date: 1913

1 : not being cash or readily convertible into cash <illiquid holdings>
2 : deficient in liquid assets <an illiquid bank>

— il·li·quid·i·ty \-ˌli-ˈkwi-də-tē\ noun