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

  • Insurer Financial Solvency We are unable to guarantee our insurer’s financial solvency, however, we only place insurance with financially A- Rated insurers.


More Definitions of Financial solvency

Financial solvency means an entitys ability to pay their long-term debts including any associated interest. To be considered solvent, the value of a companys or individuals 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 the ability of a nursing facility to meet its financial obligations.
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Related to Financial solvency

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

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

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Responsible public entity means a public entity that has the power to develop or operate the applicable qualifying project.

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

  • Regulated investment company has the meaning set forth in Section 851 of the Code.

  • Investment Canada Act means the Investment Canada Act (Canada).

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Finance Co means the Person named as such in the preamble of this Indenture under and until a successor replaces it pursuant to the applicable provision of this Indenture and thereafter means such successor.

  • Financial Close means the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • Certified business means a business verified as a minority- or women-owned business enterprise pursuant to Section 314 of the Executive Law.

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

  • Financial Closing means the execution of the Financing Documents by all the parties thereto, and the fulfillment of all conditions precedent thereunder necessary to permit the advance of funds to pay amounts due under this Agreement.