[i-lik-wid] 
| not readily convertible into cash; not liquid. |
| il·liq·uid (ĭ-lĭk'wĭd) adj.
|
illiquid
Of or relating to an asset that is difficult to buy or sell in a short period of time without its price being affected. For example, a large block of stock or a small amount of an infrequently traded stock is likely to be difficult to sell without a reduced price being offered to potential buyers. Compare liquid 1.
Of, relating to, or being an investment position in which a low proportion of assets is in cash or near-cash, thereby creating difficulty for the investor who is trying to raise funds for another purpose.
wɪd