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Insolvent
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| - | A company becomes [[Insolvent|insolvent]] when it is either unable to pay its debts as and when they fall due, or when its [[Liabilities|liabilities]], including contingent and prospective liabilities, exceed the value of its [[Assets|assets]]. The opposite of [[Solvent|solvent]]. | + | A company becomes |insolvent when it is either unable to pay its debts as and when they fall due, or when its [[Liabilities|liabilities]], including contingent and prospective liabilities, exceed the value of its [[Assets|assets]]. The opposite of [[Solvent|solvent]]. |
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| - | See also: [[Solvent]] | + | See also: [[Bankruptcy]] |
Revision as of 19:58, 15 June 2009
A company becomes |insolvent when it is either unable to pay its debts as and when they fall due, or when its liabilities, including contingent and prospective liabilities, exceed the value of its assets. The opposite of solvent.
See also: Bankruptcy