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Hasil cari dari kata atau frase: Insolvent law (0.00911 detik)
Found 1 items, similar to Insolvent law.
English → English
Definition: Insolvent law
, a. [Pref. in- not + solvent: cf. OF.
(a) Not solvent; not having sufficient estate to pay one's
debts; unable to pay one's debts as they fall due, in
the ordinary course of trade and business; as, in
(b) Not sufficient to pay all the debts of the owner; as,
an insolvent estate.
(c) Relating to persons unable to pay their debts.
, or Act of insolvency
, a law affording
relief, -- subject to various modifications in different
States, -- to insolvent debtors, upon their delivering up
their property for the benefit of their creditors;
bankruptcy law. See Bankrupt law
, under Bankrupt