insolvency insolvency  /ɪn ˈsɑl vən si/

Definition(s):

  • (n) the lack of financial resources

Usage(s):

  1. But by 1977 dire warnings of insolvency had become the battle cry.
  2. Because of the size of liabilities, the insolvency was declared to be a record for size on the New York Stock Exchange.
  3. It was the Penn Central's liquidity crisis that forced the railroad to declare insolvency.

News

  1. Grain News

    In the community where Anderson Seed Company’s insolvency last year cost some farmers tens of thousands of dollars, grain transaction experts from South Dakota and North Dakota explained current laws and rules governing grain sales and compared the state’s laws while discussing how South Dakota could better protect farmers who sell grain in the state.
    on June 20, 2013     Source: Grainnet.com

  2. Alpine May Face Austria’s Biggest Insolvency Since 2010

    Alpine Holding GmbH, the Austrian unit of Fomento de Construcciones y Contratas SA, may incur the country’s biggest insolvency in three years after a debt cut wasn’t sufficient to rescue the ailing builder.
    on June 18, 2013     Source: Bloomberg

  3. Spain's La Seda de Barcelona files for insolvency

    MADRID (Reuters) - Spain's La Seda de Barcelona, LSB, which makes plastic bottles in Europe, Turkey and North Africa, said on Monday it would begin insolvency proceedings after failing to reach a deal with creditors. A record 2,500 Spanish companies squeezed by a deep recession filed for insolvency in the first three months of this year, hurting lenders as they take ever bigger provisions ...
    on June 17, 2013     Source: Reuters via Yahoo! News

Quotes

  1. "The present insolvency of the Stanford Companies was caused by the SEC's heavy-handed actions, which have destroyed, and continue to destroy, much of the value of the Stanford Companies and consequently, the interests of investors," DeGuerin said.
    on Jun 19, 2009 By: Dick DeGuerin Source: Austin American-Statesman

  2. "What I will do is accept what the Legislature has given me and move forward and keep this state out of insolvency," Paterson said. "I did not think it would be prudent of me as the leader of this state right now to truncate my own...
    on Dec 1, 2009 By: David Paterson Source: New York Daily News

  3. "Fears of insolvency have not, as yet, been fully set aside," Greenspan wrote in an article published online on Monday. "There may be numbers of banks and other financial institutions that, at the edge of defaulting, will end up being bailed...
    on Aug 4, 2008 By: Alan Greenspan Source: Reuters

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