The apparent ability to pay creditors, from our own resources. For a company this is usually measured by the standing and reputation of your company's business and its record for paying creditors, established principally by references. The strength of your balance sheet in your statutory accounts is also important. A healthy surplus of net assets and low gearing are not conclusive but should encourage creditors that the resources are available to pay them.
Easyform Glossary of Law Terms. — UK law terms.
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