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

A notice to appoint administrators is a formal step that gives the business up to 10 days of legal protection from creditors while it explores rescue options, restructures, or prepares for insolvency proceedings.

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The trust fund that backs Social Security faces insolvency in 2033, at which point the fund would pay out only 77% of scheduled benefits, according to the Social Security and Medicare boards of trustees.

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DC London Pie had bought Pizza Hut UK's restaurants from insolvency in January this year.

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The trust fund that backs Social Security faces insolvency in 2033, at which point the fund would pay only 77% of scheduled benefits, according to the Social Security and Medicare boards of trustees.

Read more on MarketWatch

Fallen Austrian property tycoon Rene Benko went on trial on Tuesday over alleged fraud, the first charges in a wide-ranging investigation into the insolvency of his former real estate empire.

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Related Words

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