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Financial Solvency
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
The normal condition of a business
when current assets are in excess of current liabilities as disclosed
by a true and correct financial statement, showing cash and other liquid
assets available for payment of liabilities when due.
Financial solvency is to be distinguished from BUSINESS SOLVENCY.
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