balance sheet insolvency

Insolvency created when the debtor’s liabilities exceed its assets.

• Under some state laws, balance-sheet insolvency prevents a corporation from making a distribution to its shareholders.

— Also termed balance-sheet test.

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词条贡献者

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。