Hypertext Webster Gateway: "insolvency"
From Webster's Revised Unabridged Dictionary (1913) (web1913)
Insolvency \In*sol"ven*cy\, n.; pl. {Insolvencies}. (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.
{Act of insolvency}. See {Insolvent law} under {Insolvent},
a.
From WordNet (r) 1.7 (wn)
insolvency
n : lacking financial resources [ant: {solvency}]
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