Insolvency

Origin

insolvent + -cy

Noun

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 merchant's insolvency.
2. Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
3. The condition of having more debts than assets.

Antonyms

• solvency