How Do You Spell INSOLVENCY?

Pronunciation: [ɪnsˈɒlvənsi] (IPA)

Insolvency is spelled with the letters "i-n-s-o-l-v-e-n-c-y" and is pronounced as /ɪnˈsɒlvənsi/. The IPA transcription shows that the word begins with the short "i" sound and is followed by a stressed "o" sound. The "s" and "v" sounds are pronounced separately and the word ends with a soft "y" sound. Insolvency refers to a financial state where an individual or company is unable to pay their debts and liabilities. It is important to spell this word correctly to convey information accurately in financial or legal contexts.

Meaning and Definition
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Other Common Misspellings
Etymology
Similar spelling words
Plural
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INSOLVENCY Meaning and Definition

  1. Insolvency is a legal term that describes a state of financial distress in which an individual, company, or organization is unable to pay its debts and expenses when they become due. It signifies a lack of liquidity and financial stability, whereby the amount of debt owed exceeds the available assets or income to satisfy those obligations.

    In the case of individuals, insolvency commonly occurs due to excessive consumer debt, failed investments, or unforeseen financial hardships. It indicates an inability to meet recurring payment obligations such as rent or mortgage, credit card bills, or utility expenses. Insolvency for individuals may result in the need to explore debt restructuring options such as bankruptcy or negotiate payment plans with creditors.

    When referring to companies or organizations, insolvency typically suggests a severe financial crisis, characterized by the inability to meet liabilities such as payroll, debt repayments, or payment to suppliers. It may arise from factors such as poor financial management, economic downturns, or inadequate cash flow. In such cases, insolvency proceedings can be initiated, which may involve either liquidating the company's assets to pay off debts or reorganizing the operations to improve financial viability.

    In summary, insolvency refers to a condition in which an entity or individual lacks the necessary funds to meet their financial obligations, potentially leading to various legal actions and financial restructuring processes.

  2. • Bankruptcy.
    • Inability to pay one's debts.

    Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Top Common Misspellings for INSOLVENCY *

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for INSOLVENCY

Etymology of INSOLVENCY

The word "insolvency" has its roots in Latin. It is derived from the Latin word "in-" meaning "not" and "solvēre" meaning "to loosen" or "to pay". Thus, "insolvency" conveys the idea of being unable to pay one's debts or obligations.

Similar spelling words for INSOLVENCY

Plural form of INSOLVENCY is INSOLVENCIES

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Correct spelling for insolvency
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