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Insolvency, as used in most legal systems, indicates the inability to meet debts.
"Assuming Vivendi secures the new loan and sells some of its bigger assets, it should have enough cash to meet debts coming due through March," Mr. Harrington said.
Both bills would take the essential step of easing onerous overpayments by the service to retirement funds and refund $11 billion to meet debts and pay for buyouts in its 653,000-member work force.
5 NATIONS DEFAULT; SIX PAY $98,685,910; France, Belgium, Hungary, Estonia and Poland Fail to Meet Debts to Us. BRITAIN TRANSFERS GOLD Italy, Czechoslovakia, Finland, Latvia and Lithuania Give Cash and United States Bonds.
Archives|5 NATIONS DEFAULT; SIX PAY $98,685,910; France, Belgium, Hungary, Estonia and Poland Fail to Meet Debts to Us. BRITAIN TRANSFERS GOLD Italy, Czechoslovakia, Finland, Latvia and Lithuania Give Cash and United States Bonds.
More recently he had started to emerge from his shell, although he remained preoccupied by how to meet debts and losses with many of his assets frozen as a result of Kremlin legal actions.
Similar(50)
Mexico has enough money to meet debt payments.
Deposits have become dearer and banks are shrinking their balance-sheets to meet debt redemptions.
European authorities provided a similar €7bn bridging loan to meet debt repayments to the ECB and IMF earlier this week.
But tax revenues remain weak, making it hard to pay for government programs and meet debt payments.
N.A.I. needs to sell to meet debt covenants, but a massive sale of Viacom stock depresses its price.
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