Insolvency

Definition of Insolvency

In`sol´ven`cy

n.

1.

(Law) 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.

Act of insolvency
See Insolvent law under Insolvent, a.

Related Words

bankruptcy, bouncing check, broken fortune, bust, collapse, crash, difficulties, distress, embarrassment, failure, genteel poverty, hard pinch, hardship, impecuniosity, impecuniousness, insufficient funds, kited check, light purse, narrow means, overdraft, overdrawn account, poorness, poverty, receivership, slender means, straitened circumstances, straits, tight squeeze, unprosperousness, voluntary poverty, vows of poverty

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