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bankruptcy vs insolvency

insolvency vs bankruptcy

bankruptcy and insolvency both are nouns.

Word NounAdjectiveVerbAdverb
bankruptcy Yes No No No
insolvency Yes No No No
As nouns, insolvency is a hypernym of bankruptcy; that is, insolvency is a word with a broader meaning than bankruptcy:
  • bankruptcy: inability to discharge all your debts as they come due
  • insolvency: the lack of financial resources
bankruptcy (noun) insolvency (noun)
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent the lack of financial resources
inability to discharge all your debts as they come due
a state of complete lack of some abstract property
Difference between bankruptcy and insolvency

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