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Glossary   >   A   >   "Accounting insolvency" Definition            Accounting insolvency Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Accounting insolvency - Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.