The term 'ABLE TO MEET LIABILITIES' can be summarized by the word 'SOLVENT', which is a seven-letter word. Solvency is a financial term that refers to a company's ability to pay its debts and liabilities when they are due. It is an important measure of a company's financial health, as it indicates whether or not the company has enough assets to cover its liabilities. A SOLVENT company is one that is able to meet its financial obligations and is not at risk of bankruptcy.