die Zahlungsunfähigkeit
Translation
insolvency, inability to pay, bankruptcy
Examples
Die Firma meldete Zahlungsunfähigkeit an.
The company filed for insolvency.
Hohe Schulden führten zur Zahlungsunfähigkeit.
High debts led to insolvency.
Grammar Patterns
to declare ((sth.)) to declare insolvency The company declared insolvency.
to slide into ((sth.)) to slide into insolvency The company slid into insolvency.
Similar Words
Synonyms: die Insolvenz, der Bankrott; Antonym: die Zahlungsfähigkeit (solvency)
Etymology
Composed of 'Zahlung' (payment) and 'Unfähigkeit' (inability). It literally means 'payment inability'.
Memory Tips
Break it down: 'Zahlung' (payment) + 'un-' (not) + 'Fähigkeit' (ability). The state of not having the ability to pay.