nonsolvency in a sentence
n.
📚 Grade Level: Grade 11, Grade 12
Definition
NONSOLVENCY refers to the condition of being unable to meet financial obligations or debts as they come due.
Sample Sentences
- The company's nonsolvency became evident when it failed to meet its financial obligations.
- Investors were alarmed by the reports of nonsolvency, leading to a sharp decline in stock prices.
- Nonsolvency can often result in bankruptcy proceedings if a business cannot find a way to recover.
- The legal implications of nonsolvency require careful navigation by financial advisors and attorneys.
- To avoid nonsolvency, businesses must maintain a healthy cash flow and manage their debts effectively.