The difference between current assets and current liabilities. In the specific context of UNDP, this shall normally be taken to mean the sum of working capital and reserves.
The risk that an asset cannot be converted easily and rapidly into cash without a substantial loss of value. A security (i.e. investment) is deemed to be liquid if the spread between bid (buy side) and asked (sell side) prices is narrow and reasonable amounts of purchases and sales can occur at those prices.
The order of magnitude of the Regular Resources expected to be available from UNDP during a specified period for the financing of UNDP programme activities at the country level.