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insolvency - Meaning and Examples

Meaning of 'insolvency' (Webster Dictionary)

1 . Insolvency [ n.]
- 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.
- Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.

Nearby Words:

insabbatati insafety insalivation insalubrious insalubrity insalutary insanability insanable insanableness insanably

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Related Definitions

  • Accounting Insolvency
    Accounting insolvency means total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books...
  • Bankruptcy or insolvency
    Bankruptcy or insolvency is the state of being unable to pay one’s creditors claims as they come due.

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