Definition from Wiktionary, the free dictionary
insolvency (plural insolvencies)
- 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.
The company faces insolvency.
- Insufficiency to discharge all debts of the owner.
the insolvency of an estate
- The condition of having more debts than assets.
the condition of being insolvent