This phrase, among mercantile men, is a term well understood to be anything which can readily be converted Into money; but it is not necessarily or primarily money Itself. McFad- den v. Leeka, 48 Ohio St. 513, 28 N. E. 874; Benedict v. Huntington, 32 N. Y. 224; Brig- ham v. Tilliughast, 13 N. Y. 218.
Black’s Law Online Dictionary
