insolvency in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Insolvency is the state of being unable to pay one's debts as they become due.
Sample Sentences
- The company declared insolvency after failing to meet its financial obligations.
- Insolvency can lead to bankruptcy proceedings if debts are not resolved.
- The rising insolvency rates in the industry have raised concerns among investors.
- She sought legal advice to understand her rights during her business's insolvency.
- Insolvency not only affects the company but also impacts its employees and stakeholders.