Webster's Online Dictionary
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Specialty Expressions: EXCESS OF LIABILITIES OVER ASSETS

ExpressionsDomainDefinition
Excess of liabilities over assetsLawThe financial situation in which the realisable value of the assets is less than the total liabilities; the financial situation in which the total liabilities exceed the realisable value of the available assets. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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