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expand definition; add cats
'''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).
== 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]
[[Category:Accounting]]
[[Category:Business]]
[[Category:Economics]]
[[Category:Legal Terms]]