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Liability
A liability is any form of debt that a company or an individual is legally obligated to pay. Some common examples of liabilities are loans and overdrafts.
Lock-In Period
It is the period after investment in a financial product during which an investor is legally prohibited from selling the units of that product.
Liquidity
The ease with which an asset can be converted into cash or cash equivalents (gold, stocks, fixed deposit etc.) is known as liquidity of an asset.
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