Technical Bankruptcy

(redirected from Technical Bankruptcies)

Technical Bankruptcy

The state of a person or company that has defaulted on a liability and lacks the ability to pay it, but has not yet filed for bankruptcy or been declared bankrupt by a court.
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The most positive point was that while many of the big international banks faced technical bankruptcies, Islamic banks remained immune around the globe.
State bank of Pakistan: Orthodox or prudent?

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