illiquid

From il- (“not”) +‎ liquid.

• IPA^(key): /ɪˈlɪkwɪd/
• Rhymes: -ɪkwɪd

illiquid (comparative more illiquid, superlative most illiquid)

1. (finance) Lacking liquidity.

   Antonym: liquid

   1. (of assets) Not readily converted into cash.

      illiquid assets

      Investment in illiquid assets may prove to be a mistake if the market turns down.

      • 2023 January 17, Matthew Goldstein, David Yaffe-Bellany, “In Hunt for FTX Assets, Lawyers Locate Billions in Cash and Crypto”, in The New York Times‎^[1], →ISSN:

        Aside from the $5.5 billion, FTX also holds sizable positions in 20 digital assets that the lawyers described as “illiquid tokens” that are difficult to convert into cash.

      • 2023 September 30, Victoria Bekiempis, quoting Caroline Ellison, “‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here”, in The Guardian‎^[2], →ISSN:

        “While I was co-CEO and then CEO, I understood that Alameda had made numerous large illiquid venture investments and had lent money to Mr Bankman-Fried and other FTX executives,” Ellison said.

   2. (of persons) Having substantial assets but with most of them being of types not readily converted into cash (thus, not having much ready money).

      illiquid millionaires

• illiquidity