insolvency of bank

insolvency of bank
An expression of dual meaning: -(1) the insufficiency of assets to pay liabilities within a reasonable time; (2) an insufficiency of assets to pay liabilities as they become due in the ordinary course of business. Anno: 85 ALR 812. See hopelessly insolvent; receiving deposits while insolvent.

Ballentine's law dictionary. . 1998.

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