Solvency

ability to pay debts

Part of speech: n Exam: BEC Topic: Finance Difficulty: ★★★★☆

Pronunciation: 🇺🇸 US/ˈsɔlvənsi/ 🇬🇧 UK/ˈsɔlvənsi/

Definition

ability to pay debts

The firm’s solvency was never in doubt.

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