INSOLV'ENCY, noun [infra.] Inability of a person to pay all his debts; or the state of wanting property sufficient for such payment; as a merchant's insolvency 1. Insufficiency to discharge all debts of the owner; as the insolvency of an estate. Act of insolvency [See infra, Insolvent law.]
Source: Webster's 1828 American Dictionary ↗ · public-domain · returned verbatim, no AI