Advertising

Accounting insolvency

• Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.

 
 Embedded terms in definition
 Assets
Books
Firm
Insolvent
Liabilities
Net worth
Net
Total assets
 
 Related Terms
 

<< Accounting exposure Accounting liquidity >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

A hero is no braver than an ordinary man, but he is braver five minutes longer. - Ralph Waldo Emerson

Advertising



Copyright 2009-2019 GVC. All rights reserved.