Insolvency definitions framework under the Code sets core terms for debt, resolution, liquidation, and related party control. Defines the principal expressions used in Part II of the Insolvency and Bankruptcy Code, including Adjudicating Authority, financial creditor, operational creditor, financial debt, dispute, information memorandum, initiation date, insolvency commencement date, insolvency resolution process costs, interim finance, liquidation cost, related party, resolution applicant, resolution plan, resolution professional, and voting share. The definitions also extend to pre-packaged insolvency terminology and treat certain real estate allottee receipts as having the commercial effect of borrowing. The section establishes the vocabulary governing commencement, cost, control, restructuring, and process mechanics for insolvency and liquidation.