Buying or Selling a House - Jargon Buster

I

Inhibition: A rare entry on the Land Registry to restrict dealings, usually used in connection with Bankruptcy proceedings. It is one of four methods of protecting minor interests in registered land by registration.

Insolvency: A person or company becomes insolvent if they are unable to pay their debts as the debts fall due. It may lead to bankruptcy in the case of an individual, or to liquidation in the case of a company.