Ability of a borrower to make required payments on debt. For a person or firm, lack of solvency, or insolvency, usually leads to bankruptcy. For a government, no facility for bankruptcy exists, so insolvency leads either to default and consequent loss of the ability to borrow, or to Bailout by another government or international financial institution.
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accrued expense
redemption value
quarterly report
ad valorem
Form S-1