Difference between revisions of "Insolvent"
From Conservapedia
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| − | '''Insolvent''' is when the total [[debt]] of an entity is greater than all of its [[property]]. | + | '''Insolvent''' is when the total [[debt]] of an entity is greater than all of its [[equity]] ([[property]], [[asset]]s and [[account receivable]]s). |
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== External links == | == External links == | ||
*[http://dictionary.law.com/ Law Dictionary] | *[http://dictionary.law.com/ Law Dictionary] | ||
*[http://research.lawyers.com/glossary/ Glossary of Legal Terms] | *[http://research.lawyers.com/glossary/ Glossary of Legal Terms] | ||
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| + | [[Category:Accounting]] | ||
| + | [[Category:Business]] | ||
| + | [[Category:Economics]] | ||
| + | [[Category:Legal Terms]] | ||
Revision as of 19:48, April 1, 2013
Insolvent is when the total debt of an entity is greater than all of its equity (property, assets and account receivables).
