Definition: Untenantableness is a term used in the context of business and accounting to describe a situation where a company has not been able to pay its debts or obligations as they are due. It can refer to a variety of reasons, such as non-payment by creditors, insolvency of the debtor, or other events that make it difficult for the company to meet its financial obligations. Untenantableness can be a significant problem for businesses and can lead to financial instability and potential legal consequences.
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