What is Solvency?

If you have solvency in your Finances, then you are in an enviable position. Solvency is your ability to pay your bills or to meet your financial obligations. In the field of Chemistry, solvency refers to being able to dissolve a substance by using another substance, which is usually a liquid. You can find more information here: http://www.thefreedictionary.com/solvency
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