Is “Illiquid” a Scrabble word?

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Yes
ILLIQUID
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Illiquid

/ɪˈlɪkwɪd/

adjective
  1. 1.Lacking liquidity; unable to be converted into cash.

    Investment in illiquid assets may prove to be a mistake if the market turns down.