01 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 …
pl.
Insolvencies
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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; as, a merchant's insolvency.(Law)