Economy, asked by akashdeykolpaiuc5, 1 year ago

What is insolvency? Explain with an example.

Answers

Answered by gsnarayana

situation where we are not getting solution for a problem
ex ). if you fail in love then you have a sadness you don't now how to come out of it
it is in solvency

akashdeykolpaiuc5: Its wrong bro

gsnarayana: whats it

gsnarayana: you know answer and also asking questions

gsnarayana: but why

akashdeykolpaiuc5: I just checked google. I wanted people to explain in their own words.

akashdeykolpaiuc5: So i can understand.

gsnarayana: your tooo pratical

akashdeykolpaiuc5: Oh thank yoy

akashdeykolpaiuc5: *you

gsnarayana: thank you

Answered by simransimrankhpanvtq

solvency is the state unable to pay the money owned by a person or company on time those in a states of insolvency are said to be solvent .for example person made own a large house and a valuable car but not have enough liquid asset to pay a debt when it fall due .

akashdeykolpaiuc5: Thanks dear

simransimrankhpanvtq: wlcome

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