In-sŏlv'en-cy, n.

n. [Prefix ĭn, not, and solvency; Sp. insolvencia.] (Law.) (a.) 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. (b.) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.

Act of insolvency. See INSOLVENT LAW.