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

That would hasten the nation’s fiscal insolvency by further cutting taxes for the rich.

From Los Angeles Times

He has offered to invest $75m into the business – and has warned the board of Vertical that rejecting his plan would inevitably lead to insolvency proceedings.

From BBC

Tax and policy analysts from across the political spectrum have lambasted Trump’s plan, saying it would make an already massive federal deficit even larger and that it would accelerate the insolvency of the trust funds.

From Los Angeles Times

In 2019 it’s then Norwegian owners withdrew financial support and the business fell into insolvency, having not built a ship in a generation.

From BBC

Newsom vetoed a similar bill last year, saying that expanding benefits would make the unemployment trust fund “vulnerable to insolvency.”

From Los Angeles Times

Related Words

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