A property not readily saleable due to uncertainty about its market value is referred to as what?

The property in question is described as one that is not readily saleable due to uncertainty about its market value. This situation aligns with the definition of an illiquid asset, which is an asset that cannot be easily sold or exchanged for cash without a substantial loss in value. Illiquid assets are often difficult to value because they may not have a regular market or may be unique in nature, making it challenging to determine a fair market price.

In contrast, a liquid asset refers to something that can be quickly converted to cash, like stocks or bonds. A marketable asset typically refers to an asset that has an active market, allowing it to be bought or sold easily at a known price. A non-marketable asset indicates that the asset cannot be sold on the open market, but it doesn’t necessarily imply uncertainty in its market value. Therefore, the classification of the asset as illiquid captures the essence of both its difficulty in sale and the uncertainty surrounding its valuation.