insolvency

[in-sol-vuhn-see]

noun

1. the condition of being insolvent; bankruptcy.

Word History and Origins

Origin of insolvency¹

First recorded in 1650–60; insolv(ent) + -ency

Example Sentences

The UK wing of Liberty Steel in South Yorkshire collapsed into government control last month after insolvency courts granted a compulsory winding up order.

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Less than two years after it was sold, In The Style was on the brink of insolvency.

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He said that unless the restructure was approved, the alternative was insolvency.

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Fresno church officials said the action will help them avoid insolvency, while victims of abuse and their attorneys excoriated the church for what they describe as delay tactics to help the diocese evade justice.

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Michael Shanks, the energy minister, said workers had been "badly let down" and the government was demanding "an immediate investigation into the conduct of the directors and the circumstances surrounding this insolvency".

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Related Words

• bankruptcy 
• breakdown 
• deterioration 
• implosion 
• inadequacy 
• rupture