Insolvency

1 What it means

Inability to pay debts when due. Governed in India by the Insolvency and Bankruptcy Code, 2016.

2 Use it in a sentence

The creditor filed for insolvency resolution against the company.

3 Make it stick

Write your own sentence using Insolvency about a case or topic you are studying this week, then check it against the meaning above.

4 Related words

Legal dictionary: all 366 words · Today's Word of the Day · Weekly quiz

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