When a business owes so much money it cannot pay it back, this is an example of insolvency.
- The condition of being insolvent.
- An instance of being insolvent.
- 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.
insolvent + -cy
insolvency - Investment & Finance Definition
The condition of being unable to pay debts that are due. An insolvent person or company is likely to end up in bankruptcy.
- He then closed the Collegio Romano, on the plea of its insolvency, seized the houses at Frascati and Tivoli, and broke up the establishments in Bologna and the Legations.
- With certain exceptions reserved for the provincial court (such as insolvency, ownership of immovable property and divorce), the native high court exercises jurisdiction when all parties to the suit are natives; it also has jurisdiction when the complainant is not a native, but all other parties to the suit are natives.
- Washington has a state board consisting of three members appointed by the governor to confer with commissioners from other states upon such matters as marriage and divorce, insolvency, descent and distribution of property, the execution and probate of wills, for the purpose of promoting uniformity of legislation respecting them.
- Each probate court, consisting of a single judge, has jurisdiction within its county of the probate of wills, of the granting of administration, in insolvency proceedings, and in relation to the adoption of children; it may appoint and remove guardians of minors, insane persons and spendthrifts, and, upon application, may change a person's name.
- The relations between capital and labour are the subject of a series of statutes, which prohibit the employment of children under fourteen years of age in any mechanical, mercantile or manufacturing establishment, punish with fine or imprisonment any attempt by an employer to influence his employee's vote or to prevent him from joining a labour union, and in cases of insolvency give preference over general liabilities to debts of $100 or less for labour.