Illiquid

adj. without enough cash; difficult to convert into cash; lacking liquid assets; not liquid

Market liquidity is a business, economics or investment term that refers to an asset's ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value. An act of exchange of a less liquid asset with a more liquid asset is called liquidation. Liquidity also refers both to that quality of a business which enables it to meet its payment obligations, in terms of possessing sufficient liquid assets; and to such assets themselves.
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Used in the context of finance. A lack of cash flow needed to fulfill financial debts and obligations. Used in the context of investments. Refers to a lightly traded investment such as a stock or bond that is not easily converted into cash.

illiquid /i'likwid/
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