Question
________is a legal proceeding involving a person or
business that is unable to repay outstanding debts.Solution
Insolvency is the financial state of a being where the Individual or Company or family has lost the capability to pay off their debts to the creditors. Bankruptcy is termed as a legal declaration of insolvency. Bankruptcy is a legal process that happens when the individual declares he or she can no longer pay back his or her debts to creditors. Insolvency is just the state where the financial inability is reached whereas bankruptcy is the realization and announcement of that the state of being insolvent. Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due.
The old house was so sturdy that it could be shattered into pieces with a single blow.
Select the most appropriate synonym of the given word
FETCH
It will enable (A) citizens to report instantces (B) and information about criminal, unlawful (C) or suspicious (D) activities in their neighbourhood. ...
Absolve
Heart : Cardiology :: Insects : ?
Select the most appropriate ANTONYM of the given word.
Humane
Choose the word opposite in meaning to the given word:
Obscure
Person who finds it difficult to go to sleep
Select the INCORRECTLY spelt word.
To agree to a demand or request