Topical Terminology  

       

Topical Terminology > Insolvency



Insolvency:
The term Insolvency describes a financial condition experienced by a person or business entity when his (or its) assets no longer exceed his liabilities or when the person or entity can no longer meet its debt obligations when they come due. It is often used interchangeably, and incorrectly, with the term bankrupt.

Showing Insolvency from "Oath" to "Orderly Payment Of Debts"

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