SOLVENCY Definition

Bookmark and Share

SOLVENCY is a companys long-term ability to meet all financial obligations.

Learn new Accounting Terms

FAVORABLE VARIANCE is a variance created by using or spending less of a given resource than specified by the standard, often categorized as rate (spending less per hour for labor for a given amount of production), efficiency (using less hours for a given amount of production), usage (using less materials for a given amount of production) or price (paying less to a vendor for a given purchased item).

10-K is the audited annual report that most reporting companies file with the Securities and Exchange Commission (SEC). It provides a comprehensive overview of the registrants business. The report must be filed within 90 days after the end of the companys fiscal year.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.