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Vinony

insolvency

noun

  1. state of being unable to pay the debts at maturity by a person or company
L322599 on Wikidata ↗

Wiktionary

Pronunciation: [ɪnˈsɒlvn̩si]

noun

Etymology: Etymology tree Proto-Indo-European *né Proto-Indo-European *n̥- Proto-Italic *n̥- Latin in-bor. Middle English in- English in- English solvent English insolvent English -cy English insolvency From insolvent + -cy.

  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 their 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.