illiquid adjective. [ɪ'lɪkwɪd] L17.
[from (the same root as) IL-² + LIQUID adjective.]
1. Law (now only Scot.). Of a right, debt, or claim: not clear or manifest; not ascertained and constituted by a written obligation or a decree of a court. L17.

2. Of an asset, investment, etc.: not easily or readily realizable. E20.

■ illi'quidity noun the character of being illiquid E20.

[TahlilGaran] English Dictionary ▲