Difference between revisions of "Insolvent"

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'''Insolvent''' is when the total [[debt]] of an entity is greater than all of its [[property]].  
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'''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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[[Category:Legal Terms]]
 
 
== 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]]
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[[Category:Business]]
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[[Category:Economics]]
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[[Category:Legal Terms]]

Revision as of 15:48, 1 April 2013

Insolvent is when the total debt of an entity is greater than all of its equity (property, assets and account receivables).

External links