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insolvency

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insolvency


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Insolvency  \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. 
 
  From  WordNet  r  1.6  [wn]: 
 
  insolvency 
  n  :  lacking  financial  resources  [ant:  {solvency}] 




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