insolvency

noun
🔊/ɪnˈsɒlvənsi/
🔊/ɪnˈsɑːlvənsi/
[uncountable, countable]
(plural insolvencies)
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  1. the state of not having enough money to pay what you owe; an occasion when this happens 无力偿付债务的;破产的synonym bankruptcy
    • The company is close to insolvency.这家公司即将破产。
    • UK food suppliers said they expected more insolvencies in their sector this year.英国食品供应商表示,他们预计今年该行业将出现更多破产。