👉 In the context of finance, a "preadable" is a type of asset that can be easily transferred from one person to another without requiring any formal documentation or legal approval. This means that it is considered a liquid asset and does not require collateral to be pledged (i.e., loaned out) for repayment. For example, if someone owns a car, they could potentially sell the car for cash, but would need to take out a loan from another party to repay the debt. A
