insolvency

3 ENTRIES FOUND:

in·sol·ven·cy

noun \(ˌ)in-ˈsäl-vən(t)-sē, -ˈsl-\

Definition of INSOLVENCY

:  the fact or state of being insolvent :  inability to pay debts

Examples of INSOLVENCY

  1. <unless the economy improves, many resorts in the area face insolvency>

First Known Use of INSOLVENCY

1660

Related to INSOLVENCY

Synonyms
bankruptcy, failure, ruin
Antonyms
solvency

insolvency

noun    (Concise Encyclopedia)

Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet approach means that total liabilities exceed total assets.

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