Accounting insolvency

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

 Embedded terms in definition
Net worth
Total assets
 Related Terms

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

You can have anything you want--if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose. William Adams


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