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What is the best definition of insolvency?
Question
Asked 8/18/2010 8:01:24 PM
Updated 10/7/2017 1:12:34 PM
1 Answer/Comment
Confirmed by yumdrea [10/7/2017 1:12:32 PM], Unconfirmed by yumdrea [10/7/2017 1:12:34 PM], Flagged by yumdrea [10/7/2017 1:12:34 PM]
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User: What is the best definition of insolvency?

Question
Asked 8/18/2010 8:01:24 PM
Updated 10/7/2017 1:12:34 PM
1 Answer/Comment
Confirmed by yumdrea [10/7/2017 1:12:32 PM], Unconfirmed by yumdrea [10/7/2017 1:12:34 PM], Flagged by yumdrea [10/7/2017 1:12:34 PM]
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Insolvency is the inability of a company or individual to meet its financial obligations as they come due.

Added 10/7/2017 1:12:26 PM
This answer has been confirmed as correct and helpful.
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