A nearly horizontal or landward-sloping portion of a beach formed by the deposition of sediment by storm waves. A beach may have no berm at all, or it may have more than one berm. A narrow man-made ledge or shelf, as along the top or bottom of a slope.
What is 'Liquidity'. Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices. Cash is the most liquid asset, while real estate, fine art and collectibles are all relatively illiquid.
Balance of Trade, from AmosWEB's Economics Gloss*arama. BALANCE OF TRADE: The difference between the value of goods and services exported out of a country and the value of goods and services imported into the country. The balance of trade is the official term for net exports that makes up the balance of payments.