1.NounThe condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay their debts as they fall due, or in the usual course of trade and business.
"The company faces insolvency."
2.NounInsufficiency to discharge all debts of the owner.
"the insolvency of an estate"
3.NounThe condition of having more debts than assets.