[Vocabulary] Solvent Market

[amirmir]

I don't get the meaning of "solvent markets" in the following paragraph. Can anyone help?

One is the extension of solvent markets, which has increased both the pool of rewards and the competition for “star talent”. A small business elite has been catapulted upwards, surfing on the soaring stock markets that were sustained by the lifting of controls on capital movements in the l980s and the expansion of transnational investment, and profiting from the emergence of a global executive and professional market. A similar phenomenon has occurred in sports and entertainment (something that is increasingly discussed in apologetics for inequality); commercial television and satellite broadcasting have transformed the economics of sports and entertainment in general, while hugely expanded audiences widen the visibility and attraction of stars, augment the remuneration pool and increase profits. Entertainment capitalism and stardom symbiotically feed off each other.

Source: https://www.eurozine.com/the-killing-fields-of-inequality/

 

[Rover_KE]

Welcome to the forum, amirmir.

I see you have already received replies to this thread in WordReference forums.

Please do not post the same question simultaneously to more than one forum. Doing so wastes our valuable time. Instead, post your question to one forum and wait for replies. If you're not satisfied with those replies, you can try another forum, but please indicate in your thread that you've already asked the same question elsewhere (provide a link), and outline why you were not satisfied with the answers you received already.​

(teechar)​

 

[Charlie Bernstein]

Solvent is an adjective used in finance. Have you looked it up?

Have you looked up the noun market?

What do you think the adjective and noun mean when you put the adjective and noun together?

(Cross-post.)

 

[probus]

Although it is true that amirmir posted his query on multiple sites, the answer he received on Wordreference was incorrect, so I am going to answer him here.

The phrase the writer in Eurozine wanted was liquid markets or markets with good liquidity, not solvent markets. In the world of finance the word solvent means able to settle debts as they fall due. It is not used as an attribute of markets.

Eurozine seems to have its own version of English.

 

[probus]

For those interested in that curious phenomenon, European English, here is an article with a helpful glossary.

https://en.wikipedia.org/wiki/Euro_English