English version

insolvency

From Longman Business Dictionaryinsolvencyin‧sol‧ven‧cy /ɪnˈsɒlvənsi-ˈsɑːl-/ noun (plural insolvencies) [countable, uncountable]ACCOUNTINGLAW a situation in which a person or a company is insolventHigher payments could force some banks into insolvency.The number of insolvencies in the real estate sector more than tripled last year.
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