Also known as a fluid layout a liquid layout is similar to the elastic layout however it takes the users percentage preferences into consideration instead of font.

A liquid layout is one that is based on percentages of the browser window’s size. The layout of the site will change with the width of the browser, even if the visitor changes their browser size while viewing the page. Liquid layouts take full advantage of a person’s browser width, optimizing the amount of content you can fit on screen at one time. [..]