Act of insolvency
Insolvent In*sol"vent, a. [Pref. in- not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. [1913 Webster]

{Insolvent law}, or {Act of insolvency}, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See {Bankrupt law}, under {Bankrupt}, a. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Act of insolvency — 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… …   The Collaborative International Dictionary of English

  • act of insolvency — An act or omissions of a debtor which justifies the filing of a petition in insolvency against him, such as making a general assignment for the benefit of creditors, failure to procure the dissolution of an attachment of his property,… …   Ballentine's law dictionary

  • act of insolvency — See act of bankruptcy …   Black's law dictionary

  • act of insolvency — See act of bankruptcy …   Black's law dictionary

  • act of insolvency — see act of bankruptcy …   Useful english dictionary

  • act of bankruptcy — or act of insolvency : an act specified by law as subjecting a person to be proceeded against as an involuntary bankrupt or insolvent …   Useful english dictionary

  • contemplation of insolvency — Knowledge of, and action with reference to, an existing or contemplated state of insolvency, with a design to make provision against its results or to defeat the operation of the insolvency laws. See act of bankruptcy contemplation of bankruptcy …   Black's law dictionary

  • contemplation of insolvency — Knowledge of, and action with reference to, an existing or contemplated state of insolvency, with a design to make provision against its results or to defeat the operation of the insolvency laws. See act of bankruptcy contemplation of bankruptcy …   Black's law dictionary

  • Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… …   Wikipedia

  • American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… …   Wikipedia

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