Solvency

{
  "id": "MLC-T-LAW-004591",
  "term": "Solvency",
  "field": "Law",
  "definition": "The financial state of an individual or entity where their assets exceed their liabilities, indicating an ability to meet long-term financial obligations. A solvent entity possesses sufficient resources to pay its debts as they become due. This condition is a key indicator of financial health and stability, often assessed through balance sheet analysis.",
  "url": "https://mlchart.com/terminology/law/solvency/"
}