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TeachMeFinance.com - explain Liquid Water Equivalent Liquid Water Equivalent The term 'Liquid Water Equivalent' as it applies to the area of the weather can be defined as ' Same as Water Equivalent; the liquid content of solid precipitation that has accumulated on the ground (snow depth). The accumulation may consist of snow, ice formed by freezing precipitation, freezing liquid precipitation, or ice formed by the refreezing of melted snow. '.
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