Air is mainly composed of nitrogen, oxygen, and argon, which together constitute the major gases of the atmosphere. Water vapor accounts for roughly 0.25% of the atmosphere by mass.
Physical property, such as real estate, does not qualify due to the unpredictable length of the sales process. As retirement accounts, 401(k)s and IRAs operate both as liquid assets and non-liquid assets depending on the circumstance.
A liquid asset may have the following characteristics: 1  It can be converted into cash within twenty days.It is a negotiable asset convertible to cash quickly to be used for funding purposes. 2  The maturity date is usually is usually for one year.  The price is stable for cash investment because it does not fluctuate.