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.
Synonyms & Antonyms of insolvency
Synonyms:
No strong syonyms found.
Antonyms:
No strong antonyms found.
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.
