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The ability of an individual to pay his or her debts as they mature in the normal and ordinary course of business, or the financial condition of owning property of sufficient value to discharge all of one's debts.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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: insolvency, bankruptcy)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

SOLVENCY. The state of a person who is able to pay all his debts; the opposite of insolvency. (q.v.)

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
All too often people say there is nothing that can clean as well as TCE and I would be the first to say that TCE is a good cleaner because it has a combination of a high solvent power an upper mid range boiling point and in terms of vapour only cleaning is ideal for that application.
The technique of column separation with precipitation-redissolution of copolymer samples was first reported by Baker and Williams (6) who applied temperature gradient along the column at the same time as gradual solvent power. In high performance LC the same type of separation may be achieved faster and with higher efficiency.
The pressures were sufficiently high which in turn created high gas densities with good solvent power. The end result in a planned or unplanned blow down was extensive seal damage.