Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The condition of being insolvent.
  • n. An instance of being insolvent.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • 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.
  • n. The condition of having more debts than assets.

from the GNU version of the Collaborative International Dictionary of English

  • 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.
  • n. Insufficiency to discharge all debts of the owner.

from The Century Dictionary and Cyclopedia

  • n. The condition of being insolvent; want of means or of sufficiency for the discharge of all debts or obligations; bankruptcy; failure of resources: as, the insolvency of a person or of an estate.
  • n. A proceeding for the application of all the assets to the payment of debts by judicial authority: as, a petition in insolvency.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the lack of financial resources

Etymologies

insolvent +‎ -cy (Wiktionary)

Examples

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  • JM has just heard that the local marine glue manufacturer’s plans have come unstuck and it seems likely to end in insolvency.

    June 15, 2011