financial insolvency

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• Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… …   Wikipedia

• insolvency — /in sol veuhn see/, n. the condition of being insolvent; bankruptcy. [1650 60; INSOLV(ENT) + ENCY] * * * Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In …   Universalium

• Insolvency Act 1986 — The Insolvency Act 1986 (1986 c. 45) is the statutory legislation that provides the legal platform for all matters relating to personal and corporate insolvency in the UK. Elements of the act have been updated by the Enterprise Act 2002 which… …   Wikipedia

• Insolvency — When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due. Insolvency can lead to insolvency proceedings, in which legal action will be taken against the insolvent entity, and… …   Investment dictionary

• insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …   Black's law dictionary

• insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …   Black's law dictionary

• Insolvency law of Switzerland — The insolvency law of Switzerland is the law governing insolvency, foreclosure, bankruptcy and debt restructuring proceedings in Switzerland. It is principally codified in the Federal Statute on Debt Enforcement and Bankruptcy ( de. Bundesgesetz… …   Wikipedia

• insolvency — /ɪn sɒlvənsi/ noun the fact of not being able to pay debts ♦ he was in a state of insolvency he could not pay his debts ▪▪▪ ‘…hundreds of thrifts found themselves on the brink of insolvency after a deregulation programme prompted them to enter… …   Dictionary of banking and finance

• Financial Services Compensation Scheme — The Financial Services Compensation Scheme is a statutory fund of last resort in the United Kingdom, set up under the Financial Services and Markets Act 2000 to compensate customers of authorised financial services firms in the event of their… …   Wikipedia

• Financial Support for the Elderly — ▪ 1994 Introduction by Janet H. Clark       By 1993 industrialized countries throughout the world were facing a common and growing problem how to cope with the financial problems created by a growing proportion of elderly in their populations.… …   Universalium

• financial accounting — The branch of accounting concerned with classifying, measuring, and recording the transactions of a business. At the end of a period, usually a year but sometimes less, a profit and loss account and a balance sheet are prepared to show the… …   Accounting dictionary