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Solvency   /sˈɔlvənsi/   Listen

The ability to meet maturing obligations as they come due.

WordNet 3.0 © 2010 Princeton University

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"Solvency" Quotes from Famous Books

... has in the business world. It is only recently he has begun to deal with banks. He, who has no credit, sees[D] no loss of it in a protested note, especially if he intends to pay it some time. That chain which links one man's obligation to another man's solvency he has not considered. He is really as good and safe a debt-payer when he owes a white man as the latter can have, but the methods of the modern bank, placing a time limit on debts, is his detestation. He much prefers the laissez-faire of the ...
— The Negro Problem • Booker T. Washington, et al.

... an unproved accusation hangs over his name. It seems that his government of Italy was not wholly grateful to the Italians, who it must be remembered were ruined and whom many years of eager self-denial would hardly render solvent again. Now the business of Narses was to achieve this solvency and to pay out of Italy some sort of interest upon the enormous sums Justinian had disbursed for the great war. If he incurred the hatred of the Italians it would not be surprising, nor would it lead us to accuse him of tyranny. "Where Narses the eunuch rules," they said, "he makes us slaves." ...
— Ravenna, A Study • Edward Hutton

... The solvency of great mercantile companies rests on the validity of the laws which have been ascertained to govern the seeming irregularity of that human life which the moralist bewails as the most uncertain of things; plague, pestilence, and famine are admitted, by all but fools, to ...
— The Origin of Species - From 'The Westminster Review', April 1860 • Thomas H. Huxley

Words linked to "Solvency" :   financial condition, insolvency, solvent

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