ɪn ɐkˈaʊntɪŋ, lɪkwˈɪdᵻɾi ɔːɹ ɐkˈaʊntɪŋ lɪkwˈɪdᵻɾi ɪz ɐ mˈɛʒɚɹ ʌvðɪ ɐbˈɪləɾi əvə dˈɛɾɚ tə pˈeɪ ðɛɹ dˈɛts æz ænd wɛn ðeɪ fˈɔːl dˈuː.
In accounting, liquidity (or accounting liquidity) is a measure of the ability of a debtor to pay their debts as and when they fall due.