Difference between revisions of "Insolvent"
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Latest revision as of 17:57, 11 March 2020
Insolvent - (adjective)
Definition
If an individual or company is insolvent, they cannot meet their financial obligations.
Extra
Source: Adapted from Investopedia
Example of Use: The company is currently insolvent and may face bankruptcy if it cannot liquidate assets to pay off its debts.