insolvency

British [?n's?lv(?)ns?] American [?n'sɑlv?nsi]

n. Bankruptcy, inability to repay; Bankruptcy

Bilingual Examples

1.Either Party hereto may terminate this Agreement in the event of the bankruptcy or insolvency of the other party.

Any party hereto may terminate this Agreement in the event of the bankruptcy or insolvency of the other party. This Agreement may be terminated upon the other party's bankruptcy or insolvency.

2.Cook knows that insolvency isn't possible.

Cook knows that the company will not go bankrupt because of paying dividends.