Solvency in United States
Solvency Definition
The state of a person who is able to pay all his debts; the opposite of “insolvency” (g. v.) Imports adequate means of a person to pay his debts, which embraces within its meaning the opportunity by reasonable diligence to convert and apply to such purpose. In other words, a person is deemed insolvent who at the time in question is unable to pay his debts in the ordinary course of business. It means that the debtor is in such a condition that the demand may be collected out of his property by due course of law. Ability to raise money on credit for the payment of debts does not cotastitute solvency. 13 Wend. (N. Y.) 375, 377; 4 Hill (N. Y.) 650.
Solvency in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Solvency | Solvency in the World Legal Encyclopedia. |
| Solvency | Solvency in the European Legal Encyclopedia. |
| Solvency | Solvency in the Asian Legal Encyclopedia. |
| Solvency | Solvency in the UK Legal Encyclopedia. |
| Solvency | Solvency in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Solvency
Scan Solvency in the appropriate area of law:
| Link | Description |
|---|---|
| Solvency | Solvency in the Family Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the IP Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Commercial Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Criminal Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Antritrust Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Tax Law Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Solvency | Solvency in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Solvency in the Dictionaries | Solvency in our legal dictionaries |
| http://lawi.us/solvency | The URI of Solvency (more about URIs) |
| Solvency related entries | Find related entries of Solvency |
Legal Issue for Attorneys
The state of a person who is able to pay all his debts; the opposite of “insolvency” (g. v.) Imports adequate means of a person to pay his debts, which embraces within its meaning the opportunity by reasonable diligence to convert and apply to such purpose. In other words, a person is deemed insolvent who at the time in question is unable to pay his debts in the ordinary course of business. It means that the debtor is in such a condition that the demand may be collected out of his property by due course of law. Ability to raise money on credit for the payment of debts does not cotastitute solvency. 13 Wend. (N. Y.) 375, 377; 4 Hill (N. Y.) 650.
Notice
This definition of Solvency is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Concept of Solvency in Health Insurance Law
In this context, the following is a definition of Solvency: The ability of a health insurance plan to meet all of its financial obligations. State insurance regulators carefully monitor the solvency of all health insurance plans and require corrective action if a plan’s financial situation becomes hazardous. In extreme circumstances, a state may seize control of a plan that is in danger of insolvency.
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