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insolvency |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson | 0.01 sec. |
insolvencyCondition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet approach means that total liabilities exceed total assets. |
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? Mentioned in | ? References in classic literature | |
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In the matter of Treason the pig would appear To have aided, but scarcely abetted: While the charge of Insolvency fails, it is clear, If you grant the plea 'never indebted. I do not think this general insolvency, which involves in some sort all the population, to be the reason of the difficulty experienced at Christmas and New Year and other times, in bestowing gifts; since it is always so pleasant to be generous, though very vexatious to pay debts. I am not sure that I shall succeed, but it is the only thing that will save me from insolvency, and I am trying. |
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insolvency
