insolvency

/ˌɪnˈsɑɫvənsi/

the state of being unable to pay debts owed

insolvency in a sentence

“The company faced insolvency after the market crash.”

Latin in- not + solvere to loosen, pay, via French insolvabilité

Related Words

debacle

a sudden and complete disaster or failure

fiasco

a complete failure, especially a ludicrous one

catastrophe

an event causing great damage or suffering

calamity

an event causing great distress or misfortune

downfall

a loss of power, prosperity, or status

demise

the end or failure of an enterprise