Noah Webster Dictionary (1913 edition): Insolvency

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Noah Webster Dictionary (1913 edition): Insolvency


Subjects in this Topic:

(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.