solvent

At first the new bond market machine concerned itself with the more solvent half of the American population.

Amended loan documents show First Brands set aside $200 million to make sure the business remains administratively solvent.

Lawyers for First Brands said on Thursday that lenders providing the bankruptcy loan have agreed to set aside $200 million to make sure the business is administratively solvent.

“But it’s also an object lesson in what you can do if you’re solvent — and clever — during the worst recession in Southern California since the 1930s.”

“The market can remain irrational longer than you can remain solvent,” is a financial industry shibboleth most investors have learned through a great deal of pain.