meaning of insolvency
1. 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 merchants insolvency.
2. Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
3. the lack of financial resources
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