|
Definition of Bankruptcy - Finance dictionary
|
Bankruptcy (See Chapter 46 of the Vernimmen)
A bankruptcy is triggered when a company can no longer meet its short-term commitments and thus faces a liquidity crisis. Bankruptcy happens because a company does not make enough profits, and not because of significant debts. Nevertheless, the exact definition of Financial distress leading to filing for bankruptcy differs from one jurisdiction to another.
Bankruptcy (See Chapter 46 of the Vernimmen)
A bankruptcy is triggered when a company can no longer meet its short-term commitments and thus faces a liquidity crisis. Bankruptcy happens because a company does not make enough profits, and not because of significant debts. Nevertheless, the exact definition of Financial distress leading to filing for bankruptcy differs from one jurisdiction to another.
See
all terms in the dictionary of finance
To know more about it, look at what we have already written on this subject :
 Find : Bankruptcy
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |
To find other words in the
dictionary of finance, click on the first letter of the word you are looking
for:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Definitions of terms begining
with the same letter as "Bankruptcy"
:
Bankruptcy (See Chapter 46 of the Vernimmen)
A bankruptcy is triggered when a company can no longer meet its short-term commitments and thus faces a liquidity crisis. Bankruptcy happens because a company does not make enough profits, and not because of significant debts. Nevertheless, the exact definition of Financial distress leading to filing for bankruptcy differs from one jurisdiction to another.
|
|
