Yeah,...seems they dont address the term in the correct context. Liquidity should be a measurable value. I checked dictionary.com and found "Liquidity" with three definitions. 1. The state of being liquid. 2. The quality of being readily convertible into cash: an investment with high liquidity. 3. Available cash or the capacity to obtain it on demand: a bank that is increasing its liquidity by shortening the average term of its loans. The third defn covers the cash as well as the "capacity"... All in the Semantics I guess. LOL AJest