Used often in financial or business contexts to discuss a company's health. The board reviewed the quarterly report to assess the company's solvency.
Pro Tip 2/3
Positive Connotation
Implies a positive financial status, suggesting reliability and trust. Given the company's solvency, investors feel confident in its future.
Pro Tip 3/3
Legal Context
May be used in legal scenarios, especially in bankruptcy proceedings. The court will evaluate the solvency of the business before approving the restructuring plan.