insolvency

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Definitions from WordNet

Noun insolvency has 1 sense

insolvency - the lack of financial resources
--₁ is a kind of financial condition, economic condition
Antonyms: solvency
--₁ has particulars: bankruptcy, failure

Definitions from the Web

Insolvency

Part of speech: noun

Definition: The state of being unable to pay one's debts as they become due.

Example sentence 1: After a series of financial setbacks, the company declared insolvency and filed for bankruptcy.

Example sentence 2: The insolvency of the individual resulted in the repossession of their assets by creditors.

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