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.
A third-party transaction is a type of business transaction in which the dealings between the buyer and the seller are managed through an intermediary or third party. This third party may be involved in crafting the particulars of the deal, or serve as the means of receiving a payment from a buyer and forwarding that payment to the seller.