insolvency
noun [ U or C ] finance & economics, law specialized uk/ɪnˈsɒl.vən.si/ us/ɪnˈsɑːl.vən.si/
（尤指公司）破产
(especially of a company) the condition of not having enough money to pay debts, buy goods, etc., or an occasion when this happens
The country will face insolvency unless the government adopts cost-cutting measures. 这个国家将面临破产，除非政府采取措施削减开支。
Analysts are predicting that corporate and personal insolvencies could start rising next year. 分析家预测下一年企业及个人破产情况可能会开始增多。
See: insolvent
- More examples
- A growing number of companies in the country are affected by insolvency and redundancy.
- Repossessions, bankruptcies and insolvencies are almost certain to continue to rise.
- The company has asked a court to begin insolvency proceedings.