Insolvency
Query URLs
https://term.museum-digital.de/md-de/tag/17960
- Note
- In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency.
Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty.
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Motorrad "MZ 1000 ST"
Dieses Motorrad wurde für die...
Object information
Image: Polizeidirektion Dresden - RR-F
References
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