Last modified on 29 May 2014, at 23:32

insolvency

EnglishEdit

EtymologyEdit

insolvent +‎ -cy

NounEdit

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insolvency (plural insolvencies)

  1. 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.
  2. Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
  3. The condition of having more debts than assets.

AntonymsEdit

TranslationsEdit