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SOLVENCY Definition & Legal Meaning

Definition & Citations:

Ability to pay; present ability to pay; ability to pay one’s debts out of one’s own present means. Marsh >v. Dunckel, 25 Hun (N. Y.) 100; Osborne v. Smith (C. C.) IS Fed. 130; Larkin v. Hap- good, 50 Vt. 001; Sterrett v. Third Nat Bank, 40 Ilun (N. Y.) 20; Reid v. Lloyd, 52 Mo. App. 2S2.


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