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state of insolvency

См. также в других словарях:

  • Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… …   Wikipedia

  • insolvency — in·sol·ven·cy /in säl vən sē/ n pl cies 1: the fact or state of being insolvent compare bankruptcy 2: insufficiency (as of an estate) to discharge all enforceable debts ◇ Insolvency matters are covered under the Bankruptcy Code. Merriam …   Law dictionary

  • insolvency — /ɪn sɒlvənsi/ noun the fact of not being able to pay debts ♦ he was in a state of insolvency he could not pay his debts ▪▪▪ ‘…hundreds of thrifts found themselves on the brink of insolvency after a deregulation programme prompted them to enter… …   Dictionary of banking and finance

  • Insolvency — In*sol ven*cy, 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… …   The Collaborative International Dictionary of English

  • insolvency statutes — State statutes, comparable to the National Bankruptcy Act, which provide a proceeding by or against a debtor to have him declared insolvent and his property brought into court for disposition among his creditors in accordance with law. Vanuxem v… …   Ballentine's law dictionary

  • Insolvency practitioner — In the United Kingdom, only an authorised or licensed Insolvency Practitioner (usually abbreviated to IP) may be appointed in relation to formal insolvency procedures. Quite often IPs have an accountancy background. A few active practitioners are …   Wikipedia

  • insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …   Black's law dictionary

  • insolvency — The condition of a person or business that is insolvent; inability or lack of means to pay debts. Such a relative condition of a person s or entity s assets and liabilities that the former, if all made immediately available, would not be… …   Black's law dictionary

  • insolvency — noun 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 merchants insolvency. b)… …   Wiktionary

  • insolvency — [[t]ɪnsɒ̱lv(ə)nsi[/t]] insolvencies N VAR Insolvency is the state of not having enough money to pay your debts. [FORMAL] ...eight mortgage companies, seven of which are on the brink of insolvency... The economy has entered a sharp downturn, and… …   English dictionary

  • State liability — In European Union law, state liability arises when a member state of the European Union breaches EU law and an EU citizen suffers a loss as a result. The effect of state liability is that damages may be recoverable in respect of the loss suffered …   Wikipedia

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