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).
An opinion or judgment that is not made as a representation of fact. Puffing is generally an expression or exaggeration made by a salesperson or found in an advertisement that concerns the quality of goods offered for sale. It presents opinions rather than facts and is usually not considered a legally binding promise.