Financial solvency definition

Financial solvency means that the applicant or provider is able to meet debts or financial obligations with some money to spare.
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Financial solvency means that the applicant or provider ((is able to meet debts or financial obligations with some money to spare)) has sufficient funds to operate the home. An applicant or provider is considered financially solvent when they have no delinquent debt. At the department's discretion, the department may consider an applicant or provider financially solvent if their only delinquent debt is for medical reasons.
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Financial solvency means an entity’s ability to pay their long-term debts including any associated interest. To be considered solvent, the value of a company’s or individual’s assets must be greater than the sum of their debt obligations.
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Examples of Financial solvency in a sentence

  • Any self-insured retentions must be declared to an approved by the City of Locust Grove so that the City of Locust Grove may ensure the Financial solvency of the Contractor; self-insured retentions should be included on the certificate of insurance.

  • The governing body shall select and appoint an executive director with full administrative responsibility for carrying out the policies, procedures and programs estab- lished by the governing body.114.6(5) Financial solvency of facilities.

  • The governing body shall select and appoint an executive director with full administrative responsibility for carrying out the policies, procedures and programs established by the governing body.114.6(5) Financial solvency of facilities.

  • These are financial risk factors namely: – Financial solvency and liquidity risks– Borrowing limits, delays– Cash/Reserve management risks– Tax risks.

  • This comparison should consider:  Firm characteristics such as industry and firm size Plan benefits Financial solvency of the firms Capital reserve levels Risk of insolvency The law also requires an analysis of whether the legislated changes will create adverse selection in the large group market and whether smaller companies, who appear to be less likely to self-insure, are encouraged to choose this funding mechanism.

  • Experience and Installation Base of the Proposer• Breadth and depth of project experience with and past performance on similar projects;• Financial solvency and capacity;• Overall installation and deployment experience; and• Results of customer references related to similar projects.

  • A proof of Economic and Financial Solvency: - Financial solvency (for example, a letter from your bank); - Turnover for each of the past 3 years (2019-2020-2021) for jobs realized in the US.

  • Financial solvency riskLiquidity (Working Capital) risks Borrowing limitsCash management risksRisk Mitigation MeasuresProper financial planning is put in place with detailed Annual Business Plans discussed at appropriate levels within the organisation.Daily and monthly cash flows are prepared, followed and monitored at senior levels to prevent undue loss of interest and utilise cash in an effective manner.

  • Operational efficiency: Financial solvency linked to efficiency improvementWhere state owned enterprises have been operating inefficiently for years and also need financial support due to costs exceeding revenue, it is possible to link continued state support to improving the efficiency of operations.

  • Financial solvency" means an entity’s ability to pay their long-term debts including any associated interest.


More Definitions of Financial solvency

Financial solvency means an entity's ability to pay their long-term debts including any associated interest. To be considered solvent, the value of a company's or individual's assets must be greater than the sum of their debt obligations.
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Financial solvency. By signing the AGREEMENT, CONSULTANT affirms financial stability and continued solvency. At the request of DISTRICT, CONSULTANT will provide written evidence of its financial stability and solvency.
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Financial solvency. Provider shall maintain reasonably adequate provisions against the risk of insolvency.
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Financial solvency means an entitys ability to pay their long-term debts including any
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Financial solvency means the ability of a nursing facility to meet its financial obligations.
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Related to Financial solvency

  • Sustainable Investment means an investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance;

  • Related Financial Product means any financial product which references directly or indirectly the Preference Shares.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;