Cash and all other assets that can be converted to cash relatively quickly. Liquid assets can include money in savings and checking accounts, money-market accounts, and most certificates of deposit. …
Liquidated Damages
A sum of money specified in the purchase contract to be paid by one party to the other in the event of a breach of contract. …
Liquidity
The ability to sell an asset at a price close to its true value and convert it into cash in a short period of time. …
Listing
A piece of property placed on the market by a listing agent. …
Listing Agent
A broker or sales agent who has contracted with a seller to handle the marketing and sale of a piece of property. …
Listing Agreement
A Listing Agreement is a contract between a property owner and a real estate broker. It authorizes the broker to represent the owner in selling their property, and outlines the conditions of the …