Insolvency meaning

ĭn-sŏl'vən-sē
Insolvency is defined as the state of being bankrupt or unable to pay your debts.

When a business owes so much money it cannot pay it back, this is an example of insolvency.

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The condition of being insolvent.
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An instance of being insolvent.
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The state or an instance of being insolvent; bankruptcy.
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The condition of being unable to pay debts that are due. An insolvent person or company is likely to end up in bankruptcy.
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The status of being unable to pay one’s debts when due.
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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.
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Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
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The condition of having more debts than assets.
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Origin of insolvency