The debts of an economic unit (company, household, government) exceed the assets (liabilities exceed the assets). – See deflation, bad, extensum, financial distress, insolvency, default, liquidity, manifestation, phthisis, debt sustainability, public debt, over-consumption, excess of liquidation, indebtedness, insolvency.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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