Term: Accounting -> Bankrupt

Term:

Bankrupt

Definition:

If an individual or unincorporated company has greater liabilities than it has assets, the person or business can petition for, or be declared by its creditors, bankrupt. In the case of a limited company or corporation in the same position, the term used is insolvent.

Related terms:

Budget Cycle

International Innovation Network

Useful articles:

»	Conducting Business through B2B E-marketplaces
»	For a Successful Company, Relationship is the Key!
»	Sales Strategies Designed to Win
»	Un-Synchronicity

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Management

How To Work With Difficult People

Without difficulties, life would be like a stream without rocks and curves about as interesting as concrete. --Benjamin Hoff: The Te of Piglet

We can't avoid them. Difficult people are... [ more... ]

Internet

The Top Twelve E-Mail Mistakes That Can Sabotage Your Career

You return to your office from an afternoon meeting and decide to check e-mail. An hour later, having downloaded your messages, selecting those you should read, deleting the ones that look like jun... [ more... ]

Time Management

Defining and Supporting Your Priorities

In order to reach your goals, it is essential to define just a few key priorities in your life, and expend most of your energy supporting those priorities instead of spreading yourself thin trying ... [ more... ]

Useful Articles

Negotiation

To Be a More Powerful Negotiator, Never Say Yes to the First Offer

Management

Conducting Meetings Over the Internet

Customer Servces

So You're Really Good At What You Do?

Customer Servces

Customer Service Meets The Internet

Marketing

The First Fifteen Minutes

Term: Accounting -> Bankrupt

Bankrupt

If an individual or unincorporated company has greater liabilities than it has assets, the person or business can petition for, or be declared by its creditors, bankrupt. In the case of a limited company or corporation in the same position, the term used is insolvent.

Budget Cycle

International Innovation Network

Browse by categories

Accounting

Advertising

Banking

Bankruptcy

E-Commerce

Economics

Finance

Law

Investment

Insurance

Marketing

Real estate

Statistic

Trade

Purchasing

Terms