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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Funding cliff This is not the first time the SSA has faced an insolvency predicament, with the early 1980s being another crunch time for the government agency. Thomas G. Moukawsher, Newsweek, 4 Nov. 2024 Yet those broad benefit cuts would not necessarily have to happen, as the worst effects of insolvency could be prevented by executive action, according to the report. Lorie Konish, CNBC, 22 Oct. 2024 But neither has offered proposals that might delay or prevent its insolvency. Neil Irwin, Axios, 21 Oct. 2024 Another $635 million pension bailout was approved on Oct. 17 for the Detroit Carpenters Fund, which covers, more than 22,500 metro Detroit carpenters and millwright, so avert insolvency. Susan Tompor, Detroit Free Press, 31 Oct. 2024 See all Example Sentences for insolvency 

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 5 Dec. 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
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