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Definition of Insolvency
1. Noun. The lack of financial resources.
Generic synonyms: Financial Condition
Derivative terms: Insolvent
Antonyms: Solvency
Definition of Insolvency
1. n. 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.
Definition of Insolvency
1. Noun. 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. ¹
2. Noun. Insufficiency to discharge all debts of the owner; as, the insolvency of an estate. ¹
3. Noun. The condition of having more debts than assets. ¹
¹ Source: wiktionary.com
Definition of Insolvency
1. [n -CIES]
Lexicographical Neighbors of Insolvency
Literary usage of Insolvency
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Law and Practice in Bankruptcy Under the National Bankruptcy Act of 1898 by William Miller Collier, William Horace Hotchkiss, Frank Bixby Gilbert, Fred Eugene Rosbrook (1921)
"If insolvency is known to exist, or if the creditor had reasonable cause to ...
While proof of belief in insolvency is not now necessary,242 the element of ..."
2. The Merchants' Magazine and Commercial Review by Isaac Smith Homans, William Buck Dana (1842)
"A state of insolvency is established in court, by the discovery or declaration
... insolvency is prejudicial to a debtor in three degrees, according to the ..."
3. The Philosophy of Accounts by Charles Ezra Sprague (1908)
"The equation of the balance sheet will then appear as: Assets + insolvency =
Liabilities. 146. Even those who contend that proprietorship is among the ..."
4. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1912)
"It is enough to eay that it abundantly establishes their hopeless insolvency.
nipt act does not define what shall constitute insolvency, or the evidence of ..."
5. A Treatise on Equity Jurisprudence: As Administered in the United States of by John Norton Pomeroy (1905)
"Same; insolvency of Defendant.—While insolvency, alone, is not a ground for the
appointment of a receiver, unless it has been so declared by statute,18 "the ..."
6. A Treatise on the Bankruptcy Law of the United States by Harold Remington (1915)
"Burden of Proof of insolvency under Second and Third Acts in Petitioning
Creditors.—As to classes two and three of acts of bankruptcy, namely, ..."
7. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1920)
"insolvency or bankruptcy. If one party to a contract is insolvent or bankrupt,
he probably will not be able to carry it out even if he so desires, ..."
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