单词 | insolvency |
释义 | insolvency insolvency /; AmE / noun [U,C] (plural insolvencies)
(Accounting ; Law ) the state of not having enough money to pay what you owe: The company is close to insolvency. The government may support the firm, which said it could file for insolvency at any time. a wave of corporate insolvencies Its European carrier business is expected to start insolvency proceedings soon. OPP SOLVENCY ⇨ BANKRUPTCY, INSOLVENT
❖ to face/file for/go into insolvency ◆ to avoid/be rescued from/stave off insolvency ◆ an insolvency expert/lawyer/specialist |
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