insolvency

Definitions

The state of being unable to pay one's debts as they fall due.

The condition of having liabilities that exceed the value of one's assets.

Examples

The company was forced to declare insolvency after failing to secure additional funding.

The economic downturn pushed many small businesses to the brink of insolvency.

Synonyms

bankruptcy ruin liquidation indigence penury failure destitution

Antonyms

solvency wealth affluence prosperity stability capital assets