You bloggers may or may not have heard that Encyclopedia Britannica is giving away free 1 year subscriptions to their online service. Apparently even amateur blogs like mine qualify, and it only took about 2 days for them to approve my subscription. 

With Encyclopedia Britannica, you can find neat articles like this one:

insolvency
finance

Main
financial condition in which the total liabilities of an individual or enterprise exceed the total assets so that the claims of creditors cannot be paid. There are essentially two approaches in determining insolvency: insolvency in the equity sense and under the balance-sheet approach. Insolvency in the equity sense denotes the inability of the debtor to pay his debts as they become due in the ordinary course of business. Insolvency under the balance-sheet approach means that the total liabilities of the debtor exceed his total assets.

Insolvency is distinguished from bankruptcy in that bankruptcy denotes a particular legal status to be determined and declared by judicial decree. For an individual or a corporation to be declared bankrupt, certain additional requirements, such as committing an act of bankruptcy, for example, are necessary. Thus, insolvency, although an essential factor, is not the sole ingredient necessary in determining bankruptcy.

“insolvency.” Encyclopædia Britannica. 2008. Encyclopædia Britannica Online. 24 Apr. 2008 <http://www.britannica.com/EBchecked/topic/289166/insolvency>.

Self-fulfilling prophecy? Essentially, it’s the exact opposite of that 3D printer that can build itself. 

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