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Insolvency vs Bankrupcy - What's the difference?

insolvency | bankrupcy |

As nouns the difference between insolvency and bankrupcy

is that 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 while bankrupcy is .

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

    bankrupcy

    English

    Noun

    (bankrupcies)