In Cars & Vehicles. A liquid asset is cash or something that can be quickly converted  into cash. A car is generally not considered a liquid asset. The  reason for this is because it can take sâ¦ome time to sell a car in  order to obtain cash.
Temporary Assistance for Needy Families (TANF /ËtÃ¦náµ»f/) is one of the United States of America's federal assistance programs.
It began on July 1, 1997, and succeeded the Aid to Families with Dependent Children (AFDC) program, providing cash assistance to indigent American families with dependent children through the United States Department of Health and Human Services. This cash benefit is often referred to simply as welfare. TANF was created by the Personal Responsibility and Work Opportunity Act instituted under President Bill Clinton in 1996. The Act provides temporary financial assistance while aiming to get people off of that assistance, primarily through employment. There is a maximum of 60 months of benefits within one's lifetime, but some states have instituted shorter periods. The reform granted states wide discretion of how to distribute TANF entitlements. States also have the authority to eliminate payments to recipients altogether.