Examlex
Which of the following is the most liquid asset?
Negotiability
The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.
Holder in Due Course
A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.
Marketability
The ease with which an asset or security can be sold or bought in the market without affecting its price.
Commercial Utility
The usefulness or value that a product or service provides in a commercial setting, often measured by its ability to meet the needs of a business or consumer market.
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