Definitions for: Insolvency

[n] the lack of financial resources

Webster (1913) Definition: 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.

Antonyms: solvency

See Also: bankruptcy, economic condition, failure, financial condition

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