The Russian Civil War must be distinguished from the Russian Revolutions of 1917. They are not the same; therefore their causes are not the same. The Civil War was caused because Lenin and his Bolsheviks took over the government from the Russian Provisional Government and announced that they were now in power. The Bolshevik party did not represent the population of Russia.
DEFINITION of 'Asset Deficiency'. A situation where a company's liabilities exceed its assets. Asset deficiency is a sign of financial distress and indicates that a company may default on its obligations to creditors and may be headed for bankruptcy. Asset deficiency can also cause a publicly traded company to be delisted from a stock exchange.
In accounting, liabilities are obligations of the company to transfer something of value (an asset-see above) to another party. On a company s balance sheet, a liability may be a legal debt or an accrual, which is an estimate of an obligation. Equity is the owner's value in an asset or group of assets.