Insolvency

  • 1 Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… …

    Wikipedia

  • 2 insolvency — in·sol·ven·cy /in säl vən sē/ n pl cies 1: the fact or state of being insolvent compare bankruptcy 2: insufficiency (as of an estate) to discharge all enforceable debts ◇ Insolvency matters are covered under the Bankruptcy Code. Merriam …

    Law dictionary

  • 3 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… …

    The Collaborative International Dictionary of English

  • 4 insolvency — (see also bankruptcy and failure) another term used to describe a firm that is failing; generally it means that a firm s liabilities exceed its assets or that it is unable to satisfy its obligations as they come due. (Common Bankruptcy Terms)… …

    Glossary of Bankruptcy

  • 5 insolvency — 1660s; see INSOLVENT (Cf. insolvent) + CY (Cf. cy). Insolvence (1793) is rare …

    Etymology dictionary

  • 6 insolvency — [in säl′vən sē] n. pl. insolvencies the fact or condition of being insolvent; bankruptcy …

    English World dictionary

  • 7 insolvency — The lack of adequate capital. The condition that exists when the amount of losses exceeds the amount of capital. See solvency and solvency risk. American Banker Glossary This occurs when individuals or businesses do not have enough assets to… …

    Financial and business terms

  • 8 insolvency — /in sol veuhn see/, n. the condition of being insolvent; bankruptcy. [1650 60; INSOLV(ENT) + ENCY] * * * Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In …

    Universalium

  • 9 insolvency — The insufficiency of the entire property and assets of an individual to pay his debts. 29 Am J Rev ed Insolv § 2. In a practical commercial sense, the inability of a person to pay his debts as they become due in the ordinary course of his… …

    Ballentine's law dictionary

  • 10 Insolvency — When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due. Insolvency can lead to insolvency proceedings, in which legal action will be taken against the insolvent entity, and… …

    Investment dictionary

  • 11 insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …

    Black's law dictionary

  • 12 insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …

    Black's law dictionary

  • 13 insolvency — noun 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 merchants insolvency. b)… …

    Wiktionary

  • 14 insolvency — n. to force into insolvency * * * [ɪn sɒlvənsɪ] to force into insolvency …

    Combinatory dictionary

  • 15 insolvency — [[t]ɪnsɒ̱lv(ə)nsi[/t]] insolvencies N VAR Insolvency is the state of not having enough money to pay your debts. [FORMAL] ...eight mortgage companies, seven of which are on the brink of insolvency... The economy has entered a sharp downturn, and… …

    English dictionary

  • 16 insolvency — /ɪn sɒlvənsi/ noun the fact of not being able to pay debts ♦ he was in a state of insolvency he could not pay his debts ▪▪▪ ‘…hundreds of thrifts found themselves on the brink of insolvency after a deregulation programme prompted them to enter… …

    Dictionary of banking and finance

  • 17 insolvency — The inability to pay one s debts when they fall due. In the case of individuals this may lead to bankruptcy and in the case of companies to liquidation. In both of these cases the normal procedure is for a specialist, a trustee in bankruptcy or a …

    Accounting dictionary

  • 18 insolvency — The inability to pay one s debts when they fall due. In the case of individuals this may lead to bankruptcy and in the case of companies to liquidation In both of these cases the normal procedure is for a specialist, a trustee in bankruptcy or a… …

    Big dictionary of business and management

  • 19 insolvency —    The state of having more liabilities than the total assets that might be available to pay them, and therefore the inability to pay debts when called upon to do so. If insolvency is chronic, bankruptcy normally follows …

    Business law dictionary

  • 20 insolvency — insolvent ► ADJECTIVE 1) having insufficient money to pay debts owed. 2) relating to bankruptcy. ► NOUN ▪ an insolvent person. DERIVATIVES insolvency noun …

    English terms dictionary


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