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.

 

© Webster 1913.

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