liquid assets指的是Cash and other assets (such as accounts receivable,demand and time deposits,gilt edged securities) that can be converted into cash in a short time,with little or no loss in value.In some countries,precious metals (usually gold and silver) are considered also liquid assets.
current assets指的是A balance sheet item which equals the sum of cash and cash equivalents,accounts receivable,inventory,marketable securities,prepaid expenses,and other assets that could be converted to cash in less than one year.A company's creditors will often be interested in how much that company has in current assets,since these assets can be easily liquidated in case the company goes bankrupt.In addition,current assets are important to most companies as a source of funds for day-to-day operations.