💸insolvency

noun
/ɪnˈsɒlvənsi/

Meaning

the state of being unable to pay money owed; bankruptcy
The state of being unable to pay debts owed; bankruptcy.

Example Sentences

The company declared insolvency after years of financial struggles.

The company declared insolvency after years of losses.

Synonyms

bankruptcy, liquidation, collapse, failure, financial failure
Entry 1
bankruptcy, liquidation, collapse, failure
Entry 2
bankruptcy, financial failure, liquidation

Antonyms

solvency, stability, financial stability, creditworthiness
Entry 1
solvency, stability
Entry 2
solvency, financial stability, creditworthiness

Collocations

declare insolvency, file for insolvency, corporate insolvency

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