insolvency
Translation
insolvency, bankruptcy
Examples
The company is facing insolvency.
The company is facing insolvency.
High debts led to the firm's insolvency.
High debts led to the firm's insolvency.
Grammar Patterns
((of sb./sth.)) the state of being unable to pay debts The insolvency of the company was a shock.
Similar Words
Synonyms: bankruptcy, failure; Antonyms: solvency
Etymology
From Latin 'in-' (not) + 'solvens' (paying). Literally means 'not paying'.
Memory Tips
Think 'in-' (not) + 'solve'. The state of being unable to solve your financial problems.