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Insolvency

/[ɪnˈsɒlvn̩si]/ noun

Definitions

Noun
  1. 1
    The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay their debts as they fall due, or in the usual course of trade and business. countable, uncountable

    "The company faces insolvency."

  2. 2
    the lack of financial resources wordnet
  3. 3
    Insufficiency to discharge all debts of the owner. countable, uncountable

    "the insolvency of an estate"

  4. 4
    The condition of having more debts than assets. countable, uncountable

Etymology

From insolvent + -cy.

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