Related Words

Statutory Solvency: An insurer's ability to maintain at least the minimum amount of capital and surplus specified by state insurance regulators.

Statutory Redemption: The right of a defaulted property owner to recover the property after its sale by paying the appropriate fees and charges.

Statutory Merger: An investment that a trustee is authorized to make under state law.

Statutory Surplus: A merger in which one corporation remains as a legal entity, instead of a new legal entity being formed.

Technical Insolvency: Variables that are used to describe the market in terms of patterns in historical data.

Statutory Voting: When shareholders vote for candidates nominated to serve on a company's board of directors, they usually cast their ballots using statutory voting. Under this system, each shareholder gets o . . . View Full Definition

Statutory Lien: A lien imposed on property by statute—a tax lien, for example—in contrast to an equitable lien, which arises out of common law.

Statutory Law: The laws, rules and regulations enacted by legislatures and other governing bodies.

Short-Term Solvency Ratios: Services that assist firms in making short-term investments.

Insolvency Risk: These are directors and senior officers of a corporation-in effect, those who have access to inside information about a company. An insider also is someone who owns more than 10% of the voti . . . View Full Definition