insolvency

[US]/ɪnˈsɒlvənsi/
[UK]/ɪnˈsɑːlvənsi/
Frequency: Very High

Translation

n. inability to pay debts; bankruptcy.

Example Sentences

The company faced insolvency due to mismanagement.

Personal insolvency can have serious consequences.

Creditors may file for insolvency against a debtor.

The insolvency process can be complex and lengthy.

The business's insolvency was a result of declining sales.

He faced personal insolvency after a series of financial setbacks.

Insolvency laws vary from country to country.

The company's insolvency was announced in the press.

The court appointed a trustee to handle the company's insolvency.

The insolvency proceedings resulted in the closure of the business.

Real-world Examples

One year later, Eik bank declared insolvency and was taken over by the state.

Source: The Guardian (Article Version)

Gelsenkirchen's solar-energy ambitions took a knock in February when Scheuten Solar, a Dutch owned-company, filed for insolvency.

Source: The Economist - International

Banking union would also sever the venomous connections that transmit insolvency from banks to governments and vice versa.

Source: The Economist - Comprehensive

Insolvency is fatal, and only resolvable by bankruptcy or bail-outs.

Source: Economist Finance and economics

There are two ways they do so: illiquidity or insolvency.

Source: Economist Finance and economics

Anil was forced to sell Reliance Communications to his brother about a year ago to avoid insolvency.

Source: How BIG Science Popularization (Season 2)

Corporate insolvencies rose by more than 8% in the year's second quarter, compared with the first, and have reached their highest since 2015.

Source: The Economist (Summary)

The final crash came in 1907, when the Metropolitan, a wrecked and plundered shell, confessed insolvency and went into a receivership.

Source: The Era of Big Business

A judge has started hearing arguments in the largest municipal insolvency case in the United States with the once booming city of Detroit seeking bankruptcy protection.

Source: BBC Listening Compilation October 2013

Market-watchers now wonder whether all this pressure will lead to insolvencies, which happen when the value of an institution's assets falls below its liabilities.

Source: Economist Finance and economics

Popular Words

Explore frequently searched vocabulary

Download App to Unlock Full Content

Want to learn vocabulary more efficiently? Download the DictoGo app and enjoy more vocabulary memorization and review features!

Download DictoGo Now