See Futures . See Term Life Insurance and Whole of Life Insurance . It is just that life as surance lasts until your death, which is a guaranteed event. It can also be used to strip out the effect of acquisitions or disposals. The easier it is to turn an asset into cash, the more liquid it is.
Shares are very liquid as they can be sold any weekday at any brokerage.
Works of art and homes are not nearly as liquid because you need to find an interested buyer. Since every buyer needs a seller and vice versa, penny shares , which are very thinly traded, are more illiquid than larger capitalisation shares. It is a transferable debt that can be sold by the lender. The London Stock Exchange is located in the City and is not only by far the most significant stock exchange in the UK, but the largest in Europe. See Alternative Investment Market .