Solvency

The state of a person who is able to pay all his debts; the opposite of "insolvency" (g. v.) Imports adequate means of a person to pay his debts, which embraces within its meaning the opportunity by reasonable diligence to convert and apply to such purpose. In other words, a person is deemed insolvent who at the time in question is unable to pay his debts in the ordinary course of business. It means that the debtor is in such a condition that the demand may be collected out of his property by due course of law. Ability to raise money on credit for the payment of debts does not cotastitute solvency.

13 Wend. (N. Y.) 375, 377; 4 Hill (N. Y.) 650.

SOLVENDO (Lat paying). An apt word of reserving a rent in old conveyances."

Co. Litt 47a.