Liquid Asset. A liquid asset is either cash or something that a business can quickly and easily convert into cash, such as checks and certain types of securities.hysical State. Another definition of non-liquid inventory may be a reference to an item's physical state. For instance, a product that is a solid or a gas, by definition, is not a liquid. Businesses that use such terms are usually those that deal with large amounts of raw materials, chemicals or fuels.
Data Snooping. Data snooping refers to statistical inference that the researcher decides to perform after looking at the data (as contrasted with pre-planned inference, which the researcher plans before looking at the data).
Definition. Fraudulent practice of concealing theft of cash. Lapping occurs when a cashier or clerk steals cash from one customer's payment and covers it up by stealing cash from the next customer's payment ... and so on.It is easier where cash handling and cash recording duties are handled by the same person.Also called teeming and lading.ou should never be involved in any lapping or you could get terminated from your job or even have charges pressed against you. 6 people found this helpful. I am a store owner and recently added cameras throughout my store to prevent lapping, as I have been sure there has been money missing from our safe and registers.