insolvency Meaning, Definition & Usage
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noun the lack of financial resources
WordNet
In*sol"ven*cy noun
Wordforms
Definitions
(Law) (a) 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 (b) Insufficiency to discharge all debts of the owner; as, the .insolvency of an estate