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

资深译员Jeffrey，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与建设工程诉讼有关的法律文件。