Definition
The unfortunate state where your debts have won the game and your assets are throwing in the towel. It's what happens when you owe more money than you could possibly pay back without selling your future.
Example Usage
The company filed for bankruptcy due to multiple insolvencies across its divisions.
Source: Legal/Financial terminology
Related Terms
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See “insolvencies” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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