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: as, the insolvency of a person or of an estate.

A proceeding for the application of all the assets to the payment of debts by judicial authority: as, a petition in insolvency.

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.

Insufficiency to discharge all debts of the owner.

See Insolvent law under Insolvent, 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.

Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.

The condition of having more debts than assets.