noun
- plural of insolvency; the state of being unable to pay debts owed
Usage: business; legal
Examples
- The economic crisis led to numerous corporate insolvencies.
- Banks must report potential insolvencies to regulatory authorities.
- The law firm specializes in handling business insolvencies.
- Rising interest rates contributed to increased insolvencies among small businesses.
- The government introduced measures to prevent widespread insolvencies.
- Personal insolvencies reached record levels during the recession.