Found 2 items, similar to Insolvency.
English → English (WordNet)
Definition: insolvency
insolvency
n : the lack of financial resources [ant:
solvency]
English → English (gcide)
Definition: Insolvency
Insolvency
\In*sol"ven*cy\, n.; pl.
Insolvencies. (Law)
(a) The condition of being insolvent; the state or
condition of a person who is insolvent; the condition
of one who is unable to pay his debts as they fall
due, or in the usual course of trade and business; as,
a merchant's insolvency.
(b) Insufficiency to discharge all debts of the owner; as,
the insolvency of an estate.
[1913 Webster]
Act of insolvency. See
Insolvent law under
Insolvent,
a.
[1913 Webster]