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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
The most positive point was that while many of the big international banks faced technical bankruptcies, Islamic banks remained immune around the globe.

Full browser ?