noun🔗ShareThe condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business."The company faces insolvency."businessfinanceeconomyconditionChat with AIVocabulary GamePractice Reading
noun🔗ShareInsufficiency to discharge all debts of the owner."the insolvency of an estate"businessfinanceeconomylawChat with AIVocabulary GamePractice Reading
noun🔗ShareThe condition of having more debts than assets."After years of struggling with loan payments and declining sales, the business finally declared insolvency. "businessfinanceeconomyassetChat with AIVocabulary GamePractice Reading
