insolvency
🇺🇸
/ɪnˈsɑːlvənsi/
🇬🇧
/ɪnˈsɒlvənsi/
noun
R
When someone or a company doesn't have enough money to pay their debts.
The company faced insolvency after several failed projects.
translation
When someone or a company doesn't have enough money to pay their debts.
Word Forms
Plural
insolvencies