Insolvency
[ɪn'sɒlv(ə)nsɪ] or [ɪn'sɑlvənsi]
Definition
(n.) 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.
(n.) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
Typist: Willie
Synonyms and Synonymous
n. Bankruptcy.
Typist: Psyche
Examples
- Insolvency, at all tunes the natural result of a spirited foreign policy, was close at hand. H. G. Wells. The Outline of History_Being a Plain History of Life and Mankind.
- The shabbiness of these attendants upon shabbiness, the poverty of these insolvent waiters upon insolvency, was a sight to see. Charles Dickens. Little Dorrit.
Typed by Elvin