insolvency

noun

in·​sol·​ven·​cy (ˌ)in-ˈsäl-vən(t)-sē How to pronounce insolvency (audio)
-ˈsȯl-
: the fact or state of being insolvent : inability to pay debts

Examples of insolvency in a Sentence

unless the economy improves, many resorts in the area face insolvency
Recent Examples on the Web As my colleague Christi Carras reported all week from the Las Vegas convention at Caesars Palace, there has been constant chatter about theater operators teetering on the edge of insolvency. Ryan Faughnder, Los Angeles Times, 16 Apr. 2024 As home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing number of properties that have lost traditional coverage and unable to collect enough in premiums to cover potential losses. John Woolfolk, The Mercury News, 23 Mar. 2024 But a significant number of them had been headed toward insolvency in recent decades, the result of changes in some industries, inadequate funding and the decline in participants as work forces contracted. Mark Miller, New York Times, 22 Mar. 2024 That includes trillion-dollar annual deficits, entitlement programs hurtling toward insolvency, and $33 trillion in national debt. George Callas, WSJ, 20 Nov. 2023 Ted Baker is preparing to place its network of stores across the UK into insolvency, putting hundreds of jobs at risk. Sabah Meddings, Fortune Europe, 20 Mar. 2024 That means even a relatively modest decline in the value of your assets can technically push you into insolvency, especially if depositors decide to yank their money out, Piskorski explains. Allison Morrow, CNN, 8 Mar. 2024 But by the time the company cleared its name in 1997, the Asian financial crisis plunged Samyang into insolvency. Max Kim, Los Angeles Times, 5 Mar. 2024 Lawyers specializing in bankruptcies, foreclosures and corporate insolvency warn that getting control over, and trying to liquidate, any of the former president’s flagship properties is an uphill battle. Rukmini Callimachi, New York Times, 24 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'insolvency.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1660, in the meaning defined above

Time Traveler
The first known use of insolvency was in 1660

Dictionary Entries Near insolvency

Cite this Entry

“Insolvency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/insolvency. Accessed 23 Apr. 2024.

Kids Definition

insolvency

noun
in·​sol·​ven·​cy (ˈ)in-ˈsäl-vən-sē How to pronounce insolvency (audio)
plural insolvencies
: the quality or state of being insolvent

Legal Definition

insolvency

noun
in·​sol·​ven·​cy in-ˈsäl-vən-sē How to pronounce insolvency (audio)
plural insolvencies
1
: the fact or state of being insolvent compare bankruptcy
2
: insufficiency (as of an estate) to discharge all enforceable debts

Note: Insolvency matters are covered under the Bankruptcy Code.

More from Merriam-Webster on insolvency

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!