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Dictionary
insolvency

/ɪnˈsɒlv(ə)nsi/

noun
- 1. the state of being insolvent: "the club was facing insolvency"
Scrabble Points: 18
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Insolvency
State of being unable to pay the debts at maturity by a person or company
In accounting, insolvency is the state of being unable to pay the debts, by a person or company, at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency. Wikipedia
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