insolvency

(ECONOMICS) crisis created when a government or firm cannot pay its obligations in any reasonable time frame. Often confused with illiquidity, which is a when an entity suffers a temporary shortage of cash.

When a firm has assets that are greater than liabilities, it is solvent. In a lot of cases, the management of a firm runs out of ways to make money with the assets it has, so it "invests" in poor quality assets with high risk of default (for example, by lending money to borrowers using inflated housing prices as collateral).

Most of the time, insolvency is the result of corrupt or feckless management. In a few cases, however, it can be the result of a vicious cycle in which a well-managed company's customers all become insolvent first.

by Abu Yahya May 5, 2010

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Sin is the spawn of insolence

That to be sinful is a product of insolent behaviour and that from sin will spawn insolence.

John did not know that sin is the spawn of insolence and that he himself was a sinner and a fornicator.

by green923jade October 21, 2016

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insolence

The heart-wrenching and disturbing quality of being offensive, rude, inappropriate, impolite, disrespectful, etc.; lacking the splendid qualities of respect and honor.

OFFENDER: "That shit is so fucking gay!"
ME: "Such insolence!!"

by Simon of the Desert June 7, 2007