Liquid is a state of matter with a definite volume but no fixed shape. When resting in a container, liquids typically adapt to the shape of the container. Liquids are nearly incompressible, maintaining their volume even under pressure. The density of a liquid is usually close to that of a solid, and much higher than that of a gas. Liquids are a form of condensed matter alongside solids, and a form of fluid alongside gases.

A liquid is composed of atoms or molecules held together by intermolecular bonds of intermediate strength. These forces allow the particles to move around one another while remaining closely packed. In contrast, solids have particles that are tightly bound by strong intermolecular forces, limiting their movement to small vibrations in fixed positions. Gases, on the other hand, consist of widely spaced, freely moving particles with only weak intermolecular forces.

As temperature increases, the molecules in a liquid vibrate more intensely, causing the distances between them to increase. At the boiling point, the cohesive forces between the molecules are no longer sufficient to keep them together, and the liquid transitions into a gaseous state. Conversely, as temperature decreases, the distance between molecules shrinks. At the freezing point, the molecules typically arrange into a structured order in a process called crystallization, and the liquid transitions into a solid state.

Although liquid water is abundant on Earth, this state of matter is actually the least common in the known universe, because liquids require a relatively narrow temperature/pressure range to exist. Most known matter in the universe is either gaseous (as interstellar clouds) or plasma (as stars).

Only two elements are liquid at standard conditions for temperature and pressure: mercury and bromine. Four more elements have melting points slightly above room temperature: francium, caesium, gallium and rubidium.

Pure substances that are liquid under normal conditions include water, ethanol and many other organic solvents. Liquid water is of vital importance in chemistry and biology, and it is necessary for all known forms of life. Inorganic liquids in this category include inorganic nonaqueous solvents and many acids.

Mixtures that are liquid at room temperature include alloys such as galinstan (a gallium-indium-tin alloy that melts at −19 °C or −2 °F) and some amalgams (alloys involving mercury). Certain mixtures, such as the sodium-potassium metal alloy NaK, are liquid at room temperature even though the individual elements are solid under the same conditions (see eutectic mixture). Everyday liquid mixtures include aqueous solutions like household bleach, other mixtures of different substances such as mineral oil and gasoline, emulsions like vinaigrette or mayonnaise, suspensions like blood, and colloids like paint and milk.

Many gases can be liquefied by cooling, producing liquids such as liquid oxygen, liquid nitrogen, liquid hydrogen and liquid helium. However, not all gases can be liquefied at atmospheric pressure. Carbon dioxide, for example, solidifies directly into dry ice rather than becoming a liquid, and it can only be liquified at pressures above 5.1 atm. Most liquids solidify as the temperature is decreased further. Liquid helium is exceptional in that it does not become solid even at absolute zero (0 K) under standard pressure due to its quantum properties.