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Insolvency   /ɪnsˈɑlvənsi/   Listen
Insolvency

noun
(pl. insolvencies)
1.
The lack of financial resources.






WordNet 3.0 © 2010 Princeton University








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"Insolvency" Quotes from Famous Books



... more impeded than ever, the President had despatched an agent to England to contract with the Barings a loan of $6,000,000. Seeing the Bank to be insolvent he resolved not to renew its charter. The Bank tried to hide its insolvency by the most foolish land speculations, which had already caused such great disaster in 1818 and 1820. The issue of bank notes had given fresh spirit to speculation. These bank notes were received by the National Treasury and returned to the Bank on deposit, which ...
— A Brief History of Panics • Clement Juglar

... changed. Hirthms and Dolabella are my pupils in rhetoric, but my masters in the art of dining. For I think you must have heard, if you really get all news, that their practice is to declaim at my house, and mine to dine at theirs. Now it is no use your making an affidavit of insolvency to me: for when you had some property, petty profits used to keep you a little too close to business; but as things are now, seeing that you are losing money so cheerfully, all you have to do, when entertaining me, is to regard yourself as accepting a "composition"; and even that loss is less ...
— Letters of Cicero • Marcus Tullius Cicero

... no, not in the least. Legally the thing's as simple as A B C. The man has only to take the benefit of the Act of Insolvency, assign his estate to his creditors, and then— supposing ...
— Sir John Constantine • Prosper Paleologus Constantine

... who has taken the benefit of an act of insolvency, to defraud his creditors, is said to ...
— 1811 Dictionary of the Vulgar Tongue • Captain Grose et al.

... business transactions, and has abandoned the object of its creation by engaging in political controversies, by wielding its power and influence to embarrass the Administration of the General Government, and by bringing insolvency and distress upon ...
— A Compilation of the Messages and Papers of the Presidents - Section 1 (of 2) of Volume 3: Andrew Jackson (Second Term) • James D. Richardson

... other side, you can readily suppose any question of the validity of his title would make him very nervous; once convinced of his mistake, he would hasten to another church, just as he would change his insurance policies, when satisfied of the insolvency of the company which had taken ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various

... commonly attributed to less venial feelings, our Transatlantic descendants err in just the opposite direction. The Americans seldom laugh at any body, or any thing—never at themselves; and this, next to an unfortunate trick of insolvency, and a preternatural abhorrence of niggers, is perhaps the besetting sin of an otherwise "smart" people. As individuals, their peculiarities are not very marked; in truth there is a marvellous uniformity ...
— Blackwood's Edinburgh Magazine, Volume 61, No. 378, April, 1847 • Various

... to be a usurper. We ourselves made the Rajah of Oude into a king; we ourselves more than once saved the supreme Shah (i. e. the Great Mogul) from military ruin, and for many a year saved him and his from the painful condition of insolvency. But all this is said in the way of parenthesis. In another number, a sketch of our Indian Empire, in its growth and early oscillations, may be presented to the reader, specially adapted to the use of those whose ...
— The Uncollected Writings of Thomas de Quincey—Vol. 1 - With a Preface and Annotations by James Hogg • Thomas de Quincey

... both left their marks upon him. Ten years before he had been one of the largest and richest gunmakers in Birmingham, but a long run of commercial bad luck had sapped his great fortune, and had finally driven him into the Bankruptcy Court. The death of his wife on the very day of his insolvency had filled his cup of sorrow, and he had gone about since with a stunned, half-dazed expression upon his weak pallid face which spoke of a mind unhinged. So complete had been his downfall that the family ...
— The Doings Of Raffles Haw • Arthur Conan Doyle

... according to what is contained in this verse. If pride constrain us to give, if self-righteousness make us liberal, if natural feeling induce us to communicate, or if we give whilst we are in a state of insolvency, not possessing more perhaps than ten shillings in the pound, were our creditors to come upon us; then we cannot expect to have this verse fulfilled in our experience; nor should we give at any time for the sake of receiving again from others, according to this verse; but if indeed ...
— The Life of Trust: Being a Narrative of the Lord's Dealings With George Mueller • George Mueller

... The parish is in debt; every day adds to the number of paupers and diminishes that of ratepayers. These are principally small shopkeepers, who are beggared by the rates. The district is in a complete state of insolvency and hopeless poverty, yet they multiply, and while the people look squalid and dejected, as if borne down by their wretchedness and destitution, the children thrive and are healthy. Government is ready to interpose with assistance, ...
— The Greville Memoirs - A Journal of the Reigns of King George IV and King William IV, Vol. II • Charles C. F. Greville



Words linked to "Insolvency" :   financial condition, insolvent, failure, bankruptcy, solvency



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