Liquid assets and Reserves

Liquid assets noun - Assets in the form of cash (or easily convertible into cash).

Reserves and liquid assets are semantically related. In some cases you can use "Reserves" instead a noun phrase "Liquid assets".

Reserves noun - Civilians trained as soldiers but not part of the regular army.

Liquid assets and reserves are semantically related. Sometimes you can use "Liquid assets" instead a noun "Reserves".