insolvency

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Pronunciation

• IPA: [ɪnˈsɒlvn̩si]

Noun

insolvency

1. The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business.

   The company faces insolvency.

2. Insufficiency to discharge all debts of the owner.

   the insolvency of an estate

3. The condition of having more debts than assets.

Antonyms

• solvency

Translations

• French: insolvabilité
• German: Insolvenz, Zahlungsunfähigkeit
• Italian: insolvenza
• Portuguese: insolvência
• Russian: неплатёжеспосо́бность
• Spanish: insolvencia

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