The inability of a borrower to honour debts when due. Opposite: Solvency. Français: Insolvabilité Español: Insolvencia

(1) The inability of a business organization to pay its financial obligations as they come due. (2) For an insurer, the inability to maintain capital and surplus above the minimum standard of capital and surplus required by law.

Condition of a person who is unable to pay his or her debts as they fall due.

the inability of a company or person to pay their debts as they fall due.

an enterprise unable to repay debts when they become due. It occurs when liabilities exceed the assets of the enterprise, however, the enterprise is not necessarily bankrupt. Page 65

The inability to meet debts as they fall due.

A legal determination occurring when a managed care plan no longer has the financial reserves or other arrangements to meet its contractual obligations to patients and subcontractors.

Occurs when individuals or businesses do not have enough resources to cover their debts, or cannot pay their debts when they are due.

the inability to pay debts as they mature; also termed failure to meet obligations and bankruptcy.

In the case of insurance, insolvency means that companies do not have sufficient funds in their reserves to pay claims. If a company appears to be at risk for insolvency, the Texas Department of Insurance (TDI) will advise the company to take measures to increase their reserve funds. These measures can include such things as raising rates, adjusting the company's investment portfolio, and soliciting investment in the company. If the company fails to improve its situation, the TDI can intervene by court order and take control of that company's operations. If all else fails, the final step is liquidation. Using this last resort, the TDI will dissolve the company and sell off all of its assets to pay the claims.

Shortfall of funds to meet all liabilities

The inability to pay ones debts and has lost the ability to create income or generate profits.

This term refers to the condition of a borrower who is unable to pay debts.

The inability to pay debts as they fall due. Close

Inability to meet payments.

an excess of liabilities over assets or inability to pay debts as they fall due

see inability to pay.

A legal determination occurring when a contracted entity no longer has the financial capacity to meet its contractual obligations.

The inability of a company, partnership or individual to pay creditors' debts in full after realisation of all the assets of the business.

Bankruptcy. When a person cannot pay their debts even by selling all their possessions.

The inability of a company to meet its debts as they become due.

When one is not able to pay one's debts as they fall due. The Insolvency Act may provide protection from an insolvent debtor's creditors, enabling them to put their affairs in order.

When liabilities exceed assets. Also, the inability to pay debts when due. See Bankruptcy.

This term is used when an individual or company is unable to pay their debts when due. An insolvent company may go through liquidation while an individual becomes bankrupt.

Insolvency is a general term used for the inability of an individual or company to pay debts that it owes. When referring to an individual the legal process is called bankruptcy, and regarding a company it is called liquidation. Both forms of insolvency involve the redistribution of the individual or company's assets to the people or creditors that they owe. Insolvency does not always lead to bankruptcy or liquidation if the party involved has enough assets to resolve the matter, but it generally does.

Having insufficient assets to meet all debts OR being unable to pay debts when they become due.

A financial condition in which a taxpayer's total liabilities (debts owed) exceed the total fair market value of all his or her assets (cash and other property). A taxpayer is insolvent to the extent his or her liabilities exceed his or her assets.

Deciding whether an insurer is insolvent, i.e., unable to pay it debts, is far from simple, partly because the insurance company solvency standards vary from state to state, and partly because the adequacy of reserves to pay future claims is a matter of opinion.

Insolvency is the inability of an individual or incorporated entity to pay its debts as and when they fall due.

The condition of being unable to pay debts as they become due, or in the ordinary course of business, or having liabilities that exceed the total value of assets.

A company is insolvent when it is unable to pay its debts as and when they fall due. Arises when, for instance, judgement debts remain unsatisfied or cheques are returned unpaid by the company's bankers. A company is also insolvent when its liabilities, including contingent and prospective liabilities, exceed the value of the assets.

Having insufficient funds to meet all debts, or being unable to pay debts as and when they fall due.

The inability to pay one's debts when due or to convert assets into cash and pay debts.

You are considered insolvent if you owe more money than you can re-pay, or if you can not meet your obligations as they come due.

inability of a company to pay it's debts

Technically, the financial condition of an enterprise whose liabilities exceed its assets, or which is unable to pay its debts as they mature. Financing an insolvent client requires specialized lending expertise, particularly if insolvency leads to bankruptcy. Bankruptcy tends to be the path followed by insolvent companies, but it may actually open up alternative financing opportunities.

The point at which a borrower becomes unable to pay its debts or declares bankruptcy.

the state of a firm when its liabilities, excluding equity capital, exceed its assets; a less stringent definition would be that a firm is insolvent if it is unable to meet its obligations when due for payment. assets liabilities economics & business

Inability to pay debts. A 2000 EU regulation is aimed at governing the liquidation of an insolvent debtor's assets, and preventing debtors from moving assets to another State to avoid payment. . (See Judicial-civil: Insolvency)

A firm is considered insolvent when it cannot meet its financial obligations as they become due.

A company is insolvent if it doesn't have enough assets to pay its debts as they fall due. An individual is insolvent if he or she is unable to discharge his or her debts as they fall due. An insolvent company goes into administration, administrative receivership or liquidation. An insolvent person becomes bankrupt. A company never goes bankrupt in the UK, although this term is used in the United States.

The inability of an insurer to meet its financial obligations on time.

The state of having liabilities that exceed assets, i.e. a negative net worth or equity.

A situation where an entity has insufficient assets to cover the value of its liabilities, resulting in an inability to meet its financial obligations as they fall due.

Occurs when a company's external liabilities are greater than its assets.

The inability of a borrower to meet financial obligations as they mature, or having insufficient assets to pay legal debts.

Insufficient liquid assets to meet currently due obligations.

The result of debts being equal to or greater than assets.

Businesses are placed into insolvency when they are unable to pay creditorsâ€(tm) debts in full after realisation of all their assets. The decision to place a business into insolvency is normally taken by the creditors of a business – usually a bank. There are several different forms of insolvency – the main ones being administration, receivership and liquidation.

the situation where a person or business cannot pay its debts as they fall due.

Condition of a person who is unable to pay his debts as they fall due. The general term is to be distinguished from a person who is bankrupt and whose liabilities exceed assets.

Insolvency refers to a state of financial affairs whereby the liabilities of an individual or a business exceed their assets, rendering the individual or business unable to meet their financial obligations. It is important to note that insolvency is a state of affairs and not a legal condition, as is the case with sequestration or liquidation (see Judgment).

The state of being unable to pay ones debts as they arise. There are special provisions of the Companies Acts which make it dangerous to deal with an insolvent Company. For example, a floating charge created within 12 months prior to a winding­up, will be partially invalidated if at the time it was given the Company was insolvent.

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 sufficient to discharge the latter.

The inability of a person or company to settle debts when they become payable.

When a person or organization cannot meet its financial obligations when they are due, or when assets are smaller than liabilities.

The inability to pay one's debts as they mature.  Even though the total assets of a business might exceed its total liabilities by a wide margin, that business is said to be insolvent if the assets are such that they cannot be readily converted into cash to meet the current obligations of the business as they mature.

The inability to pay one's debts as they fall due.

Insolvency means being unable to pay your debts. For a company, this essentially means that there is a deficit in your balance sheet; your tangible assets are less than your liabilities, and your business does not generate sufficient surplus revenue to fill the gap. If you have surplus assets in your balance sheet but are making losses, you become insolvent when the losses will consume the surplus assets. Solvency is measured in the context of voluntary winding-up and similar procedures when the directors can declare that the company will be able to pay its debts as they fall due for the next twelve months.

excess of liabilities over assets regulated by Insolvency Act 1986 – See IA 1986 for details

(see also bankruptcy and failure) another term used to describe a firm that is failing; generally it means that a firm's liabilities exceed its assets or that it is unable to satisfy its obligations as they come due.

Long-term inability of a debtor to repay the debt. In terms of an individual enterprise, insolvency almost always results in collapse of the economic entity of the debtor.

This occurs when a person or a business has more liabilities than assets.

The inability of an individual or corporation to pay debt obligations as they become due.

Insurer's inability to pay debts. Insurance insolvency standards and the regulatory actions taken vary from state to state. When regulators deem an insurance company is in danger of becoming insolvent, they can take one of three actions: place a company in conservatorship or rehabilitation if the company can be saved or liquidation if salvage is deemed impossible. The difference between the first two options is one of degree – regulators guide companies in conservatorship but direct those in rehabilitation. Typically the first sign of problems is inability to pass the financial tests regulators administer as a routine procedure. (See Liquidation, Risk-based capital )

When a company can no longer meet its debt obligations with another firm or institution.

A condition in which a debtor is unable to pay his or her creditors.

when a company is unable to pay its debts

Where a company has more liabilities than assets and hence cannot pay its debts.

When a debtor is unable to meet his/her debt obligations.

Insolvency occurs when a person or organisation cannot discharge its financial obligations within a reasonable time of them falling due, or where total liabilities exceed total assets.

Insolvency is a financial condition experienced by a person or business entity when their assets no longer exceed their liabilities, commonly referred to as 'balance-sheet' insolvency, or when the person or entity can no longer meet its debt obligations when they come due, commonly referred to as 'cash-flow' insolvency. The term is often incorrectly used as a synonym for bankruptcy, which is a distinct concept, except in Germany.