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.
Liabilities. Liabilities are the debts, or financial obligations of a business-the money the business owes to others. Liabilities are classified as current or long-term. Current liabilities are debts that are paid in 12 months or less, and consist mainly of monthly operating debts. Current liabilities are usually paid with current assets; i.e. the money in the company's checking account. A company's working capital is the difference between its current assets and current liabilities. Managing short-term debt and having adequate working capital is vital to a company's long-term success.