Solvency

^ Ability to pay one's own debts — in the ordinary course of business; also, ability to pay at some future time, upon settlement of one's estate.

Solvent.

Owning property enough to pay all one's own debts. " Solvency " may mean being in such condition with respect to property that a demand may be collected 1 [Pearson v. Howey, 11 N. J. L. 19 (1889). = L. sollicitare, to agitate, arouse, urge. 3 Eegina v. Most, 44 L. T. 827 (1881). «4B1. Com. 16. 6 [3 Bl. Com. 26.. « 3 BI. Com. 18, 16. ' Redman v. Forman, 83 Ky. 216 (1885). by due course of law; as, within the law of suretyship, a solvent principal.^ The solvency which will sustain a voluntary deed consists in such condition as to means that payment can be enforced by process of law.'' Does not depend upon the amount of property owned which is subject to execution: the debtor may be solventiand yet have no property liable thereto. '^ "Debts due from solvent debtors," which are taxable under a statute, refer not to general solvency, but to the amount- which may be realized, that is, to the valuS of the debts.* In Missouri, a bank is solvent which has assets sufficient to pay, within reasonable time, all its liabilities, through its own agencies.'^ See further Insolvency.