Suspending Payment - Definition - Law Dictionary Home Dictionary Definition suspending-payment

Definition :

Suspending payment, is a well-known commercial expression; and a merchant suspends payment when he ceases to discharge his mercantile obligations in due course. In ordinary parlance, the terms 'insolvent' and 'suspending payment' have practically the same meaning, Chemsey v. Gill & Co., 7 Bom LR 154.