Meaning of INSOLVENCY
| Pronunciation: | | in'sâlvunsee
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 WordNet Dictionary |
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| | Definition: | | [n] the lack of financial resources |
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| | Antonyms: | | solvency | | |
| | See Also: | | bankruptcy, economic condition, failure, financial condition | |
| Webster's 1913 Dictionary |
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| | 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.
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| Thesaurus Terms |
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| | Related Terms: | | 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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