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Word: insolvency (lookup usage) (lookup stats)


Meaning:

Noun:

  • Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
  • 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.

Source: Wiktionary | Src Info »