Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.
It depends on the type of jewelry being sold. I would generally say gems are not liquid because it takes time to sell them. Usually if it takes more than around 30 days to sell an asset than it isn't...
Non liquid assets would be real property. This can include but is not limited to primary residences, necessary automobiles, non-currency collections, or Certificates of Deposit. Liquid assets on the...