Liquid Certificate Of Deposit

See: Certificate of Deposit. And yes, this is an odd term because there exist few investment vehicles less liquid than a CD. Like...you can turn them into cash almost immediately. Or if you own a relatively illiquid CD, then you'd turn it into cash the next day. There is always a market for them as hunger for short term safe paper is almost ubiquitous. So what's a liquid CD then? One that can be turned into cash really really really quickly. Think: ATM Fast.