insolvent


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Insolvent

A firm that is unable to pay debts (its liabilities exceed its assets).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Insolvency

Describing a situation in which an individual or firm is unable to service its debts. This occurs when the individual or firm has a little or no cash flow, and may occur due to poor cash management. An insolvent individual or firm often declares bankruptcy, or it may arrive at an understanding with creditors in which it restructures payments.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

insolvent

Unable to meet debts or discharge liabilities. Compare solvent.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

insolvent

The condition that exists when (1) one's liabilities are greater than assets,so that a complete liquidation even at fair market value would not pay all debts,or (2) one's current income is not sufficient to pay current bills, resulting in the need to contribute more cash to the organization or default on some payments.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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2 August 2011 - Germany-based engineering group Siemens (ETR: SIE) announced yesterday it has received a regulatory approval to take over insolvent US hearing care provider HearUSA for USD129m (EUR90.48m).
Siemens acquires insolvent HearUSA for USD129m
(ADPnews) - Jun 6, 2011 - Czech insolvent lottery company Sazka said on Friday it had received a CZK 200 million (USD 12m/EUR 8m) loan to finance its operations.
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(ADPnews) - May 12, 2011 - Insolvent Austrian industrial holding company A-Tec Industries AG (WBAG:ATEC) reported a 57.1% annual increase in operating profit to EUR 25.3 million (USD 35.9m) for the first quarter of 2011.
A-Tec's operating profit climbs 57.1% Y/Y in Q1 2011

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