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Give me define of insolvent.....( class 11th)....
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Insolvent is the legal term describing the situation of a debtor who is unable to pay his, her, or its debts. There are two primary types of insolvency: cash flow and balance sheet. In cash flow insolvency, the debtor suffers from a lack of financial liquidity making it impossible to pay debts as they fall due.
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Answer:
The state of being insolvent.........
Explanation:
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