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
to face insolvency to be in a situation where one cannot pay debts The company is facing insolvency.
to declare insolvency to officially state that one cannot pay debts They had to declare insolvency last year.
Similar Words
Synonyms: bankruptcy, failure; Antonyms: solvency, liquidity
Etymology
From Latin 'in-' (not) + 'solvere' (to pay). The state of 'not being able to pay'.
Memory Tips
Think 'in-solvent', meaning 'not solvent'. If you are financially solvent, you can pay your debts. Insolvency is the opposite state.