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insolvency: [noun] the fact or state of being insolvent : inability to pay debts.
INSOLVENCY definition: 1. (especially of a company) the condition of not having enough money to pay debts, buy goods…. Learn more.
insolvent. ( ɪnˈsɒlvənt) adj. 1. (Law) (of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt. 2. (Law) of or relating to bankrupts or bankruptcy. n. (Law) a person who is insolvent; bankrupt.
Definition of insolvent adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Definition of insolvent adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Dec 8, 2021 · Legally speaking, there are some federal laws that define insolvency. Under the Uniform Commercial Code, for example, a business is considered insolvent if: It's generally ceased to pay debts in the ordinary course of business, other than as a result of a bona fide dispute
Insolvent definition: not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature..
