insolvency law

insolvency law. A statute that provides relief to a debtor who lacks the means to pay creditors. • The term is sometimes used interchangeably with bankruptcy law because legislative drafting may not produce a bright-line distinction. — Also termed insolvent law. Cf. BANKRUPTCY LAW(2).

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词条贡献者

译员Roger，毕业于欧洲一流的高级翻译学院，专注翻译各种与公共及基础设施融资有关的法律文件。