### Question
How does PROTECTION OF EMPLOYEE BENEFIT RIGHTS define liquid assets?


### Answer
Under *29 U.S.C. § 1082*, **liquid assets** is defined as:

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

#### Citation:
  - *29 U.S.C. § 1082*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

