n.; pl.Insolvencies (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. [ 1913 Webster ]
Act of insolvency. See Insolvent law under Insolvent, a. [ 1913 Webster ]
English-Thai: NECTEC'sLexitron-2 Dictionary [with local updates]NECTEC Lexitron Dictionary EN-TH
n.; pl.Insolvencies (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. [ 1913 Webster ]
Act of insolvency. See Insolvent law under Insolvent, a. [ 1913 Webster ]
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