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Meaning Of Insolvency
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.
n.
Insufficiency to discharge all debts of the owner; as,
the insolvency of an estate.