insolvency Synonyms
insolvency Meaning
insolvency (n)
the lack of financial resources
insolvency (n.)
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; as, a merchant's insolvency.
Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
insolvency Sentence Examples
- The company's inability to pay its debts led to its eventual insolvency.
- The economic downturn triggered a wave of insolvencies throughout the industry.
- The court declared the debtor insolvent and ordered the liquidation of its assets.
- The insolvent bank was unable to honor its depositors' withdrawals.
- The government implemented a temporary moratorium on insolvencies to prevent further economic turmoil.
- The insolvent corporation was purchased by a rival who intended to revive its operations.
- The insolvency proceedings revealed extensive fraud and mismanagement by the company's executives.
- The investor lost all their savings when the venture capital firm filed for insolvency.
- The collapse of the housing market resulted in a surge of insolvencies among homeowners.
- The global financial crisis left many nations grappling with widespread insolvency.
FAQs About the word insolvency
the lack of financial resourcesThe condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay
bankruptcy,, ruin,failure
solvency,solvency,,
The company's inability to pay its debts led to its eventual insolvency.
The economic downturn triggered a wave of insolvencies throughout the industry.
The court declared the debtor insolvent and ordered the liquidation of its assets.
The insolvent bank was unable to honor its depositors' withdrawals.
