insolvency

The condition of being insolvent.

An instance of being insolvent.

The condition of being insolvent; want of means or of sufficiency for the discharge of all debts or obligations; bankruptcy; failure of resources.

A proceeding for the application of all the assets to the payment of debts by judicial authority.

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.