"Illocution" Natural Recordings by Native Speakers
Illocution refers to the intended function or effect of an utterance, including the speaker's intention, tone, and context, which shapes the meaning of the words spoken. It can also refer to the way an utterance performs an action, such as requesting, ordering, or warning, and the consequences that follow from that action.
Illiquidity refers to the state of being unable to easily convert an asset or security into cash or another liquid form without significantly affecting its market price. This can occur when there is a lack of buyers or sellers for a particular asset, making it difficult to sell or trade it, or when the market is experiencing a period of low liquidity.