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Indigence vs Insolvency - What's the difference?

indigence | insolvency | Related terms |

As nouns the difference between indigence and insolvency

is that indigence is extreme poverty or destitution while insolvency is the condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency.

indigence

English

Noun

  • extreme poverty or destitution

    • Synonyms

    * indigency

    Antonyms

    * affluence

    Related terms

    * indigent

    References

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    insolvency

    English

    Noun

    (wikipedia insolvency) (insolvencies)
  • The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency.
  • Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
  • The condition of having more debts than assets.

    • Antonyms

    * solvency