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The first and most pressing is that the rugby club is only considered a going concern because Walkinshaw has guaranteed to meet "its liabilities as and when they fall due for payment for a period of not less than 12 months from the approval of the financial statements".
Greece will now receive the funds it needs to meet its liabilities for the next three years, removing the spectre of "Grexit" from financial markets for the time being.
The Turnberry accounts state: "The group is dependent on continuing finance being made available by its ultimate owner to enable it to continue operating and to meet its liabilities as they fall due".
The Turnberry accounts state: "The group is dependent on continuing finance being made available by its ultimate owner to enable it to continue operating and to meet its liabilities as they fall due". The Aberdeenshire course accounts use almost identical wording.
He states, also, that it was an ordinary business transaction, and, so far from knowing at the time that the bank was insolvent, he believed it to be solvent, and able to meet its liabilities of every kind.
Selling assets would help Massey, currently the sixth-largest American coal producer, meet its liabilities while remaining independent.
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The most important criterion is how much money the charity must set aside to meet its liability — known as the reserve fund.
In America, state and local DB plans have seen the assets in their funds lose $1 trillion in value since October 2007.In Britain some national schemes are "unfunded": that is to say, the government does not put aside a specific pot of cash to meet its liability to its employees.
Only two other provinces have Argentine-law bonds outstanding, and one of them, Tucumán, has already reassured the public that it plans to continue meeting its liabilities in dollars.
September 2001: Equitable Life publishes a compromise deal for policyholders aimed at salvaging the company's finances and meeting its liabilities.
It should be able to meet its pension liabilities with ease: thanks to the copper windfall, the government is now a net creditor, to the tune of 6.2% of GDP.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com