Definition of "insolvency" in English

noun

1. (finance) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay their debts as they fall due, or in the usual course of trade and business.

   • The company faces insolvency.

2. Insufficiency to discharge all debts of the owner.

   • the insolvency of an estate

3. The condition of having more debts than assets.