- insolvent company
a company that is unable to pay its debts in full as they fall due.
Collins dictionary of law. W. J. Stewart. 2001.
Look at other dictionaries:
insolvent estate — England, Wales The assets that an insolvency practitioner may deal with for the benefit of creditors, upon his appointment to manage the affairs of an insolvent entity. In the case of an insolvent company, the insolvent estate comprises those… … Law dictionary
Company Directors Disqualification Act 1986 — Parliament of the United Kingdom Long title ... Statute book chapter 1986 c 46 … Wikipedia
insolvent liquidation — Insolvency means being unable to pay your debts. For a company, this essentially means that there is a deficit in your balance sheet; your tangible assets are less than your liabilities, and your business does not generate sufficient surplus… … Law dictionary
company insolvency proceedings — there are four types of insolvency proceedings that govern the affairs of insolvent companies: voluntary arrangements under Part I of the Insolvency Act 1986; administration orders under Part II; receivership under Part III; and winding up under… … Law dictionary
Insolvent — A firm that is unable to pay debts (liabilities are greater than assets). The New York Times Financial Glossary * * * insolvent in‧sol‧vent [ɪnˈsɒlvənt ǁ ɪnˈsɑːl ] adjective ACCOUNTING LAW a person or company that is insolvent does not have… … Financial and business terms
insolvent — A firm that is unable to pay debts (its liabilities ( liability) exceed its assets). Bloomberg Financial Dictionary * * * insolvent in‧sol‧vent [ɪnˈsɒlvənt ǁ ɪnˈsɑːl ] adjective ACCOUNTING LAW a person or company that is insolvent does not have… … Financial and business terms
insolvent — /ɪn sɒlvənt/ adjective not able to pay debts ● The company was declared insolvent. (NOTE: see note at insolvency) ♦ he was declared insolvent he was officially stated to be insolvent COMMENT: A company is insolvent when its liabilities are higher … Dictionary of banking and finance
Company — For other uses, see Company (disambiguation). Companies law … Wikipedia
insolvent — in|sol|vent [ınˈsɔlvənt US ınˈsa:l ] adj not having enough money to pay what you owe = ↑bankrupt ▪ The company was later declared insolvent (=officially said to be insolvent) . >insolvency n [U and C] … Dictionary of contemporary English
insolvent — I (Roget s IV) modif. Syn. bankrupt, indebted, foreclosed, failed, unbalanced, out of credit, out of funds, out of money, broken, ruined, in default, in the hands of receivers, in receivership, in chapter XI, broke*, on the rocks*, flat*, busted* … English dictionary for students