Insolvency: meaning, definitions and examples
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insolvency
[ ɪnˈsɒlv(ə)nsi ]
financial
The state of being insolvent; inability to pay one's debts.
Synonyms
Examples of usage
- The company declared insolvency after failing to meet its financial obligations.
- Personal insolvency can have serious consequences for individuals and families.
legal
The condition of being unable to meet one's financial obligations as they come due.
Synonyms
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.