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Saturday, May 18th, 2024
Eve of Pentacost
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Bible Dictionaries
Insolvency

Webster's Dictionary

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(1):

(n.) 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):

(n.) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.

Bibliography Information
Webster, Noah. Entry for 'Insolvency'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​i/insolvency.html. 1828.
 
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