### Question
What is the definition of liquid assets?


### Answer
The definition of **liquid assets** is as follows in *26 U.S.C. § 430*:

> cash, marketable securities, and such other assets as specified by the Secretary in regulations

#### Citation:
  - *26 U.S.C. § 430*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART III-RULES RELATING TO MINIMUM FUNDING STANDARDS AND BENEFIT LIMITATIONS > Subpart A-Minimum Funding Standards for Pension Plans**

