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Thread: Liquid Assets

  1. Bond Magician
    Bond Magician is offline Senior Member
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    Liquid Assets

    What exactly are liquid assets?
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  2. Surety Wizard
    Surety Wizard is offline Senior Member
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    Liquid Assets are assets that are readily available such as cash. They can also be assets that can quickly be converted to cash such as stocks, bonds, cd's, or mutual funds.
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  3. h2o
    h2o is offline Senior Member
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    Liquid Assets

    Quote Originally Posted by Surety Wizard
    Liquid Assets are assets that are readily available such as cash. They can also be assets that can quickly be converted to cash such as stocks, bonds, cd's, or mutual funds.
    After applying, should I fax over recent bank statements to verify my cash on hand?
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  4. Surety Wizard
    Surety Wizard is offline Senior Member
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    That would not be neccessary at this time. We would only ask to see verification of these assets if required by the Surety Company wishes to see verification.
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  5. h2o
    h2o is offline Senior Member
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    Liquid Assets

    Does the cash value of my life insurance count as a liquid asset?
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  6. Surety Wizard
    Surety Wizard is offline Senior Member
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    Yes. That is an asset that can be drawn on in the case a claim should arise so be sure to include it in your personal financial statement!
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