Associations to the word «Insolvency»

Wiktionary

INSOLVENCY, noun. 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.
INSOLVENCY, noun. Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
INSOLVENCY, noun. The condition of having more debts than assets.

Dictionary definition

INSOLVENCY, noun. The lack of financial resources.

Wise words

To use the same words is not a sufficient guarantee of understanding; one must use the same words for the same genus of inward experience; ultimately one must have one's experiences in common.
Friedrich Nietzsche