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IQCat Posted 12 years ago
Vocabulary

Finance vocab. question

Hi All, what's the correct word for assets that consist of provisions, liabilities, prepaid expenses? Is it committed assets or tied assets? Or even something else? Thank you!!
  

Top answer

I think you may be looking for "non-liquid".

— Vorpar

  • I think you may be looking for "non-liquid".
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5 Answers
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I think you may be looking for "non-liquid".
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Here is a good site to browse through. A liability is not an asset.
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Thanks, Vorpar and AlpheccaStars. "Non-liquid" sounds good! The site suggests "non-current". I think both might mean the same!?
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Non-current assets are ones that will gain full value in the future.

Non-liquid assets are ones that can't be quickly turned into cash.
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IQCatassets that consist of ... liabilities
No such thing. Assets and liabilities are separate categories.

Prepaid expenses and supplies (Is that what you mean by 'provisions'?), and, of course, cash, are current assets in the textbook I consulted about this.

CJ
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