Browse:  A B C D E F G H I J K L M N O P Q R S T U V W Y Z
Enter a Legal Term

Search the Definitions


n. 1) having sufficient funds or other assets to pay debts. 2) having more assets than liabilities (debts). The contrast is "insolvency," which may be a basis for filing a petition in bankruptcy.

See also: bankruptcy  insolvency 

From the Newswire

The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications