insolvent; liabilities exceed assets; balance sheet insolvency
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesadjective
insolvent; having liabilities that exceed assets; unable to pay off debts with all available assets
formalA formal financial and legal term describing a state of balance sheet insolvency. Commonly used in corporate finance, banking, and bankruptcy proceedings to indicate that an entity's total debts exceed its total assets.
Yóu由
yú于
lián连
nián年
kuī亏
sǔn损
，
zhè这
jiā家
gōng公
sī司
yǐ已
jīng经
zī资
bù不
dǐ抵
zhài债
，
bèi被
pò迫
shēn申
qǐng请
pò破
chǎn产
bǎo保
hù护
。
Due to consecutive years of losses, this company has become insolvent and was forced to file for bankruptcy protection.
Zī资
bù不
dǐ抵
zhài债
de的
qǐ企
yè业
tōng通
cháng常
huì会
miàn面
lín临
qīng清
pán盘
huò或
chóng重
zǔ组
。
Insolvent enterprises typically face liquidation or restructuring.
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Yín银
háng行
zài在
fàng放
dài贷
qián前
bì必
xū须
shěn审
chá查
jiè借
kuǎn款
rén人
shì是
fǒu否
zī资
bù不
dǐ抵
zhài债
。
Banks must examine whether borrowers are insolvent before granting loans.