insolvency
/ɪnˈsɒlv(ə)nsi
/noun (plural insolvencies) [mass noun]
The state of being insolvent: the club was facing insolvency [count noun]: insolvencies in the media sector rose by 8%...
- The financial crisis has now left many of these banks on the verge of insolvency with large portfolios of insecure loans and bad debts.
- Faced with a rising tide of insolvencies, banks are actually cutting back their lending to small and medium-sized companies.
- Until last summer, it teetered on the brink of insolvency, and did little other than amass colossal debts.
Synonyms
bankruptcy, liquidation, failure, collapse, ruin, financial ruin, ruination;
pennilessness, penury, impecuniousness, beggary;
British administration, receivership
informal folding
rare pauperdom