INSOLVENCY


Meaning of INSOLVENCY in English

-vənsē, -si noun

Usage: often attributive

Etymology: probably from Medieval Latin insolventia, from Latin in- in- (I) + solvent-, solvens (present participle of solvere to pay, free, dissolve) + -ia -y

1. : the fact or state of being insolvent : inability to pay debts

2. : insufficiency (as of an estate) to discharge all enforceable debts

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.