What is defined as a condition in which a company is unable to meet debts as the debts mature?
A)Deficit
B)Liability
C)Insolvency
D)Credit squeeze

Question

Quizplus · Accepted Answer

Insolvency is the condition in which a company is unable to meet debts as the debts mature. Deficit refers to a situation where expenditure exceeds revenue, liability is an obligation to pay something or do something, and credit squeeze is a situation where there is a shortage of credit or loans available to borrowers.

What Is Defined as a Condition in Which a Company