Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Someone who has to sell at whatever price is available, because of a margin call, a bill falling due, or an emergency with no cash behind it.
The market pays badly for urgency. Almost every plan that fails does so at the moment its owner stopped being able to choose the date of the sale.
Splitting a corpus by time horizon so near-term spending never depends on volatile assets.
Two years of spending in cash, the next few in debt, the rest in equity. You are never a forced seller.
Cash set aside to cover several months of essential expenses, held in an instantly accessible form.
It is meant to feel like dead money. That is the price of never being a forced seller.