insolvency
Insolvency is the state of being unable to pay your debts when they are due. It often happens when a person or business has more liabilities than assets.
Beispiele
3 von 5The small family business had to close down due to insolvency.
The small family business had to close down because they could not pay their debts.
The court was notified of the corporation's insolvency yesterday morning.
The court was officially told that the corporation could not pay its debts yesterday morning.
I think their tech startup is heading straight for insolvency.
I believe their new technology company is going to run out of money to pay debts.
Gegenteile
Wortfamilie
Merkhilfe
Think of 'In-' (not) + 'Solvent' (a liquid that dissolves things). If you are insolvent, you can no longer 'dissolve' or clear your debts.
Schnelles Quiz
The company filed for _______ after it could no longer pay its monthly bills.
Richtig!
Die richtige Antwort ist: a
Beispiele
The small family business had to close down due to insolvency.
everydayThe small family business had to close down because they could not pay their debts.
The court was notified of the corporation's insolvency yesterday morning.
formalThe court was officially told that the corporation could not pay its debts yesterday morning.
I think their tech startup is heading straight for insolvency.
informalI believe their new technology company is going to run out of money to pay debts.
Macroeconomic factors are the primary drivers of corporate insolvency in this region.
academicLarge-scale economic issues are the main reasons why companies cannot pay debts in this area.
Our legal team is reviewing the insolvency risks associated with the merger.
businessOur lawyers are looking at the risks of being unable to pay debts related to joining the two companies.
Gegenteile
Wortfamilie
Häufige Kollokationen
Häufige Phrasen
insolvency law
the set of rules governing people who cannot pay debts
state of insolvency
the condition of being unable to pay what is owed
declaration of insolvency
an official announcement that debts cannot be paid
Wird oft verwechselt mit
Insolvency is the financial state of being unable to pay; bankruptcy is the specific legal process to deal with that state.
Nutzungshinweise
The word is primarily used in legal and financial contexts. It is more formal and technical than the word 'bankruptcy'.
Häufige Fehler
Learners often use 'insolvency' as a verb, but it is only a noun. Also, they may use it interchangeably with 'poverty', but insolvency specifically refers to the inability to meet debt obligations.
Merkhilfe
Think of 'In-' (not) + 'Solvent' (a liquid that dissolves things). If you are insolvent, you can no longer 'dissolve' or clear your debts.
Wortherkunft
From the Latin 'in-' (not) and 'solvere' (to loosen or pay).
Grammatikmuster
Kultureller Kontext
In many Western legal systems, declaring insolvency provides a structured way for creditors to be paid at least a portion of what they are owed.
Schnelles Quiz
The company filed for _______ after it could no longer pay its monthly bills.
Richtig!
Die richtige Antwort ist: a
Verwandtes Vokabular
Mehr law Wörter
prosecutor
A1A prosecutor is a lawyer who works for the government. Their job is to show a court that someone has committed a crime.
defendant
A1A defendant is a person or organization that is being accused of a crime or is being sued in a court of law. This person is required to answer the legal charges brought against them by another party.
plaintiff
A1A person or group who brings a legal case against another in a court of law. They are the ones starting the lawsuit because they believe they have been wronged.
jury
A1A group of ordinary people chosen to listen to the facts of a trial in a court of law. They listen to the evidence and decide if a person is guilty or not guilty.
lawsuit
A1A lawsuit is a legal case where one person or group brings a disagreement to a court of law for a judge to decide. It usually happens when someone wants money or a specific action from another person because of a problem or injury.
proof
A1Proof is a fact or a piece of information that shows something is true. In a legal context, it is what a person uses to convince a judge or jury that a crime happened.
misdemeanor
A1A misdemeanor is a minor crime that is less serious than a felony. It is usually punished by a fine or a short period of time in a local jail rather than a state prison.
sentence
A1A sentence is a punishment given by a judge to someone who has been found guilty of a crime. It explains how much time a person must spend in prison or how much money they must pay as a fine.
bail
A1Bail is a sum of money paid to a court so that a person who has been accused of a crime can stay out of jail until their trial starts. If the person shows up for their court date, the money is usually returned.
fraud
A1Fraud is the illegal act of tricking someone to get their money or property. It is a crime where a person lies or hides the truth to gain an unfair advantage.
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