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What does insolvency mean?

Looking for the meaning or definition of the word insolvency? Here's what it means.

Noun
  1. 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.
  2. Insufficiency to discharge all debts of the owner.
  3. The condition of having more debts than assets.
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Examples
Even a gross settlement system is not immune from certain risks associated with the insolvency of a participant.
Cooney sells equipment for a number of Dublin insolvency practitioners who deal with technology company receiverships or liquidations.
Still throughout the eighteenth century, even the most liberal commentators did not entirely lift the stigma of dishonor from insolvency.
That means we defend a winding-up application with no presumption of insolvency.
The first alternative is a shortcut to insolvency, the second, a recipe for discontentment and civil unrest.
How is it that a company goes from well-nigh insolvency to buying a US retail icon?

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