WebMar 21, 2024 · insolvent in American English. (ɪnˈsɑlvənt) adjective. 1. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature. 2. pertaining to … WebDefinition of Insolvency Event. 16.1 For the purpose of this clause 16: Insolvency Event, in relation to a person, means anything that reasonably indicates that there is a significant risk that that person is or will become unable to pay its debts as they become due. This includes any of the following: Sample 1 Sample 2.
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WebApr 13, 2016 · The meaning of INSOLVENT is unable to pay debts as they fall due in the usual course of business. How to use insolvent in a sentence. unable to pay debts as … WebLaw Dictionary – Alternative Legal Definition. One who cannot or does not pay; one who is unable to pay his debts; one who is not solvent; one who has not means or property sufficient to pay his debts. See Insolvency. Insolvent law. A term applied to a law, usually of one of the states, regulating the settlement of insolvent estates, and ... convert 250 mg to teaspoons
Insolvent - definition of insolvent by The Free Dictionary
WebJun 30, 2024 · Accounting Insolvency: A situation where the value of a company's liabilities exceeds its assets. Accounting insolvency looks only at the firm's balance sheet, deeming a company "insolvent on the ... WebINSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980.. A person is also said to be … WebA person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. fallout 76 melon bloom location