The Knight shift K and quadrupolar relaxation rate R, in liquid metallic systems, in which effectsof bonding become increasingly prominent, are surveyed. In Rb, a theoretical calculation of R,, including mode-coupling theory for the liquid, and the r-dependent Sternheimer factor. predicted closely the recent experimental redetermination. In Ge, and in Cu-Ge and similar nearly free-electron systems, the quantitative analysis of K still poses problems, while qualitatively K ( x ) displays clearly a correspondence to the resistivity maximum. In metallic alloys with compound forming tendency, models based on an association (A + B Z AB) connect K and R, quantitatively with the heat of mixing, but the microscopic foundation of the association ansatz is uncertain.