insolvency
UK [ɪnˈsɒlvn̩si] US [ɪnˈsɒlvn̩si]
noun 3
Definitions
noun
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.
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