A1 noun Formel

insolvency

/ɪnˈsɒlvənsi/

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.

Exemples

3 sur 5
1

The 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.

2

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.

3

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.

Famille de mots

Nom
insolvency
Adverbe
insolvently
Adjectif
insolvent
Apparenté
insolvent
💡

Astuce mémo

Think of 'In-' (not) + 'Solvent' (a liquid that dissolves things). If you are insolvent, you can no longer 'dissolve' or clear your debts.

Quiz rapide

The company filed for _______ after it could no longer pay its monthly bills.

Correct !

La bonne réponse est : a

Exemples

1

The small family business had to close down due to insolvency.

everyday

The small family business had to close down because they could not pay their debts.

2

The court was notified of the corporation's insolvency yesterday morning.

formal

The court was officially told that the corporation could not pay its debts yesterday morning.

3

I think their tech startup is heading straight for insolvency.

informal

I believe their new technology company is going to run out of money to pay debts.

4

Macroeconomic factors are the primary drivers of corporate insolvency in this region.

academic

Large-scale economic issues are the main reasons why companies cannot pay debts in this area.

5

Our legal team is reviewing the insolvency risks associated with the merger.

business

Our lawyers are looking at the risks of being unable to pay debts related to joining the two companies.

Famille de mots

Nom
insolvency
Adverbe
insolvently
Adjectif
insolvent
Apparenté
insolvent

Collocations courantes

corporate insolvency when a company cannot pay its debts
face insolvency to be in a position where you might run out of money for debts
insolvency proceedings legal steps taken when someone cannot pay debts
technical insolvency a balance sheet state where liabilities exceed assets
insolvency practitioner a person licensed to handle insolvent companies

Phrases Courantes

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

Souvent confondu avec

insolvency vs bankruptcy

Insolvency is the financial state of being unable to pay; bankruptcy is the specific legal process to deal with that state.

📝

Notes d'usage

The word is primarily used in legal and financial contexts. It is more formal and technical than the word 'bankruptcy'.

⚠️

Erreurs courantes

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.

💡

Astuce mémo

Think of 'In-' (not) + 'Solvent' (a liquid that dissolves things). If you are insolvent, you can no longer 'dissolve' or clear your debts.

📖

Origine du mot

From the Latin 'in-' (not) and 'solvere' (to loosen or pay).

Modèles grammaticaux

uncountable noun can be followed by 'proceedings' or 'risk' plural form is 'insolvencies'
🌍

Contexte culturel

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.

Quiz rapide

The company filed for _______ after it could no longer pay its monthly bills.

Correct !

La bonne réponse est : a

Plus de mots sur law

justice

A1

Justice is the quality of being fair and reasonable in how people are treated. It also refers to the legal system and the way laws are used to punish people who do wrong.

verdict

A1

A verdict is the official decision made by a jury or judge in a court of law about whether someone is guilty or not guilty. It is also used to describe a person's final opinion or judgment about something after testing or considering it.

trial

A1

A formal process in a court of law to decide if someone is guilty of a crime. It involves a judge, and sometimes a jury, who listen to evidence and witnesses.

hearing

A1

In a legal context, a hearing is a formal meeting where a judge or official listens to facts and arguments about a specific issue. It is typically shorter and less formal than a full trial but follows strict legal rules.

litigation

A1

Litigation is the process of using a court of law to solve a legal disagreement. It involves a judge or jury making a final decision about a dispute between people or companies.

testimony

A1

A formal statement given by a witness in a court of law or a public meeting. It is also used to describe something that serves as clear proof that a fact is true.

witness

A1

A witness is a person who sees an event, such as a crime or an accident, take place. In a legal context, this person provides information or evidence in a court about what they observed.

crime

A1

A crime is an action that is against the law and is punishable by the government. It refers to illegal activities like stealing or hurting someone.

criminal

A1

A person who has committed a crime or done something illegal. This word describes someone who breaks the law and may be punished by the police or a court.

felony

A1

A felony is a very serious crime, such as murder or armed robbery. In legal systems, it is a crime that is punished more severely than a minor offense, often resulting in more than one year in prison.

C'tait utile ?
Pas encore de commentaires. Soyez le premier à partager vos idées !

Commencez à apprendre les langues gratuitement

Commence Gratuitement