Insolvency: meaning, definitions and examples

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insolvency

 

[ ɪnˈsɒlv(ə)nsi ]

Noun
Context #1 | Noun

financial

The state of being insolvent; inability to pay one's debts.

Synonyms

bankruptcy, debt, penniless

Examples of usage

  • The company declared insolvency after failing to meet its financial obligations.
  • Personal insolvency can have serious consequences for individuals and families.
Context #2 | Noun

legal

The condition of being unable to meet one's financial obligations as they come due.

Synonyms

bankruptcy, indebtedness

Examples of usage

  • The court declared the insolvency of the debtor due to unpaid debts.

Translations

Translations of the word "insolvency" in other languages:

🇵🇹 insolvência

🇮🇳 दिवालियापन

🇩🇪 Insolvenz

🇮🇩 kebangkrutan

🇺🇦 неплатоспроможність

🇵🇱 niewypłacalność

🇯🇵 破産

🇫🇷 insolvabilité

🇪🇸 insolvencia

🇹🇷 iflas

🇰🇷 파산

🇸🇦 إعسار

🇨🇿 insolvence

🇸🇰 insolventnosť

🇨🇳 破产

🇸🇮 neplačilna sposobnost

🇮🇸 þrot

🇰🇿 тӛлем қабілетсіздігі

🇬🇪 გადახდისუუნარობა

🇦🇿 ödəmə qabiliyyətsizliyi

🇲🇽 insolvencia

Etymology

The word 'insolvency' originated from the Latin word 'insolventia', which means 'inability to pay'. The concept of insolvency has been present in legal and financial systems for centuries, with laws and regulations governing insolvency evolving over time to address issues of debt and financial distress. Insolvency can have significant implications for individuals, businesses, and economies, shaping how debts are managed and resolved.

See also: absolve, dissolve, dissolvent, insolvent, solvability, solvable, solvent, solver, solving, unsolvable.

Word Frequency Rank

Ranked #11,610, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.