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.
Insufficiency to discharge all debts of the owner.
The condition of having more debts than assets.
The condition of being illiquid; a lack of liquidity; difficulty in selling out an asset
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.