CRITICAL ANALYSIS OF INCAPACITY OF PAYMENT RISK Cover Image

Analiza critica a incapacitatii riscului de plata
CRITICAL ANALYSIS OF INCAPACITY OF PAYMENT RISK

Author(s): Demetra Lupu Visanescu
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: insolvency risk; trade companies

Summary/Abstract: In foreign specialized literature is made distinction between incapacity of payment concept and insolvency. In this way The bankruptcy risk (insolvency) can be definite representing possibility of appearance of honoring incapacity of reduced obligations (overcome to term) of firm, born by previous engagement contracted, from present operations, determinable for activity continuation, and the incapacity of payment represents this estate of debtor firm patrimony which is characterized through currency stocks available for the payment of exigible debts.

  • Issue Year: XXXVI/2008
  • Issue No: 5
  • Page Count: 10
  • Language: English