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

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