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insolvency - 4 dictionary results

in⋅sol⋅ven⋅cy

[in-sol-vuhn-see]
–noun
the condition of being insolvent; bankruptcy.

Origin:
1650–60; insolv(ent) + -ency
in·sol·ven·cy     (ĭn-sŏl'vən-sē)  Pronunciation Key 
n.   pl. in·sol·ven·cies
  1. The condition of being insolvent.
  2. An instance of being insolvent.

insolvency

noun
the lack of financial resources [ant: solvency

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.

Act of insolvency. See Insolvent law under Insolvent, a.

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