insolvency
- The condition of being unable to meet outstanding financial obligations or settle debts
- The situation when the value of a person's or company's liabilities exceeds the total of their assets
- The high-risk business could not maintain operations and eventually fell into insolvency.
- The individual declared insolvency when they could not meet the payments on their debts.
- Government regulations aim to protect small businesses from insolvency during economic downturns.
Provide Feedback
