The Acid Test, in financial terms, refers to a stringent measure of a company's short-term liquidity, which examines whether a business can cover its immediate liabilities without quickly selling its inventory.
Realizable assets, often referred to as liquid assets, are assets that can be quickly converted into cash with minimal impact on their value.
A secondary market is a crucial component of the financial market where securities are traded among investors after being initially offered to the public on the primary market.
