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Definition of "insolvency" []

  • The condition of being insolvent. (noun)
  • An instance of being insolvent. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "insolvency" in a sentence
  • "With some amendments, the decree ­retrospectively applied DIFC insolvency legislation to the affairs of Dubai World, giving the tribunal jurisdiction to supervise the restructuring and any ­insolvency."
  • "In the classic bank run, the information gap becomes a self-fulfilling prophecy of insolvency; in other cases, insolvency is discovered, not made, as information becomes available and indicates that the institution is genuinely not solvent."
  • "But in either case, insolvency is a condition of an institution, such as a bank or financial institution, discovered or made in the present."