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Insolvency
[ɪnˈsɒlvn̩si]
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.
📖 Definitions of "Insolvency"
noun
- 1
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.
"The company faces insolvency."
- 2
Insufficiency to discharge all debts of the owner.
"the insolvency of an estate"
- 3
The condition of having more debts than assets.
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