Insolvency

Dictionary: 
Ballentine's Law Dictionary

Inability to pay debts as they become due in the ordinary course of business. See 25 Or. 15, 42 Am. St. Rep. 756, 34 Pac. 692.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary