insolvency.

A financial condition in which a person or organization cannot meet its debts under the relevant assessment.

Use it for

Words that belong together

• corporate insolvency
• insolvency proceedings

On the page

The supplier entered insolvency proceedings after repeated failure to meet overdue payments.

A temporary delay in cash receipts did not by itself establish insolvency.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: financial analysis, risk evaluation, comparison, explanation. Disciplines: economics, finance, business. Commonness: moderately common.