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n (physics) A substance that is flowing, and keeping no shape, such as water; a substance of which the molecules, while not tending to separate from one another like those of a gas, readily change their relative position, and which therefore retains no definite shape, except that determined by the containing receptacle; an inelastic fluid.

n (phonetics) An l or r sound.

a Flowing freely like water; fluid; not solid and not gaseous; composed of particles that move freely among each other on the slightest pressure.

a (finance|of an asset) Easily sold or disposed of without losing value.

a (finance|of a market) Having sufficient trading activity to make buying or selling easy.