Define: Above Water

Above Water
Above Water
What is the dictionary definition of Above Water?
Dictionary Definition of Above Water

Above Water (adjective)

1. Referring to a situation or condition where one is able to manage or cope with financial obligations, debts, or other challenges without difficulty or distress.

2. Describing a state of being financially stable or solvent, with sufficient resources or income to meet one’s financial obligations and maintain a comfortable standard of living.

3. Pertaining to a person or entity that is not in a state of financial crisis or insolvency, and is able to stay afloat or remain profitable.

4. Figuratively, indicating a state of being in control or managing well in a difficult or challenging situation, often used to describe someone who is successfully navigating through adversity or overcoming obstacles.

Example sentences:
– Despite the economic downturn, the company managed to stay above water by implementing cost-cutting measures and diversifying its revenue streams.
– After years of struggling with debt, he finally got his finances above water and started saving for the future.
– The government’s intervention helped keep the struggling industry above water, preventing widespread job losses.
– Despite facing numerous setbacks, she remained above water and continued to pursue her dreams.

Full Definition Of Above Water

Above Water is a legal term used to describe a situation where a person or entity is not in financial distress or facing insolvency. It signifies that the individual or organisation has sufficient assets and income to meet their financial obligations and continue operating without the need for external assistance or intervention. Being above water is often a desirable state for businesses and individuals, as it indicates financial stability and the ability to sustain operations and fulfil obligations.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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