contemplation of insolvency
- contemplation of insolvency
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The attitude of the officers of a bank when it becomes known, or reasonably should be apparent, to them that the bank presently will be unable to meet its obligations and will be obliged to suspend its ordinary operations. Smith v Baldwin, 63 App DC 72, 69 F2d 390. See contemplation of bankruptcy.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
contemplation of insolvency — Knowledge of, and action with reference to, an existing or contemplated state of insolvency, with a design to make provision against its results or to defeat the operation of the insolvency laws. See act of bankruptcy contemplation of bankruptcy … Black's law dictionary
contemplation of insolvency — Knowledge of, and action with reference to, an existing or contemplated state of insolvency, with a design to make provision against its results or to defeat the operation of the insolvency laws. See act of bankruptcy contemplation of bankruptcy … Black's law dictionary
in contemplation of insolvency — See contemplation of insolvency … Ballentine's law dictionary
contemplation — I noun absorption, aim, attention, brooding, calculation, cerebration, cogitation, concentration, consideration, contemplatio, deliberateness, deliberation, design, determination, engrossment, envisagement, envisionment, examination, excogitation … Law dictionary
contemplation of bankruptcy — Contemplation of the termination of one s business because of the financial inability to continue it. Knowledge of, and action with reference to, a condition of bankruptcy or ascertained insolvency, coupled with an intention to commit what the… … Black's law dictionary
contemplation of bankruptcy — Contemplation of the termination of one s business because of the financial inability to continue it. Knowledge of, and action with reference to, a condition of bankruptcy or ascertained insolvency, coupled with an intention to commit what the… … Black's law dictionary
failing circumstances — Insolvency, that is, the lack of sufficient assets to pay one s debts as they become due. A person (or a corporation or institution) is said to be in failing circumstances when he is about to fail, that is, when he is actually insolvent and is… … Black's law dictionary
failing circumstances — Insolvency, that is, the lack of sufficient assets to pay one s debts as they become due. A person (or a corporation or institution) is said to be in failing circumstances when he is about to fail, that is, when he is actually insolvent and is… … Black's law dictionary
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
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