insolvency
in·sol·ven·cy
noun \(ˌ)in-ˈsäl-vən(t)-sē, -ˈsȯl-\Definition of INSOLVENCY
: the fact or state of being insolvent : inability to pay debts
Examples of INSOLVENCY
- <unless the economy improves, many resorts in the area face insolvency>
First Known Use of INSOLVENCY
1660
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