Which one of these best defines liquidity risk? Liquidity risk is the risk that an issuer will repay a security prior to the original maturity date., Liquidity risk is the possibility that an asset's price must be lowered below fair market value in order to sell the asset on short notice., Liquidity risk is the risk that a security issuer will have insufficient funds to make timely payments. Or Liquidity risk is the possibility that an asset will sell immediately at fair market value.