Definition of "illiquidity" [illiquidity]

• The condition of being illiquid; a lack of liquidity (noun)

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• "Increasing illiquidity is how the value of your miles goes down with respect to the goods they can be exchanged for."
• "(they'd risk their already-tenuous non-profit status), OK ones (managing more money makes their job harder -- but if they're earning 2-and-20 for that money they're being compensated, and Harvard's returns haven't fallen visibly as its endowment has increased), and slightly dubious ones (the endowments 'need for illiquidity, which is real, but it's hardly as though they never pay out any cash: they do, every year, to their respective universities)."
• ""The markets are ... suffering from some illiquidity which is exaggerating moves on small volumes," credit strategists at"