According to AllBusiness, asset liquidity refers to how easily an asset can be exchanged for cash with limited effort or loss. Examples of nonliquid, also known as fixed assets, include real estate, antiques, furniture and manufacturing equipment.
Assets range in liquidity based on how hard they are to exchange for money. Items such as cash, gold or silver are considered highly liquid assets because they are exchanged relatively quickly with very little risk of loss. Land and housing are nonliquid assets, states AllBusiness, and it takes time and risk in order to exchange for higher-liquidity assets. Other examples on nonliquid assets include automobiles, appliances and sporting equipment.