Definition of insolvency noun from the Oxford Advanced Learner's Dictionary



BrE BrE//ɪnˈsɒlvənsi//
; NAmE NAmE//ɪnˈsɑːlvənsi//
[uncountable, countable] (pl. insolvencies)
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the state of not having enough money to pay what you owe; an occasion when this happens synonym bankruptcy The company is close to insolvency. UK food suppliers said they expected more insolvencies in their sector this year.