Business GCSE
Insolvency
What Insolvency means in Business GCSE, as defined for OCR.
Definition of Insolvency
When a business is unable to pay its short-term debts as they fall due.
Topics that use Insolvency
- Cash and cash flow (OCR GCSE)
Related terms
Using Insolvency in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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