Physical 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.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.
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jazz. n. 1. (Jazz). a. a kind of music of African-American origin, characterized by syncopated rhythms, solo and group improvisation, and a variety of harmonic idioms and instrumental techniques. It exists in a number of styles.