🔤 Act Of Insolvency ✨
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URDU
🅰️
Roman Urdu:
act of insolvency
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ENGLISH
📚noun
act of insolvency
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PRONUNCIATION
Standard: /ækt ʌv ɪnˈsɒlvənsi/
Phonetic: akt of in-sol-ven-see
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DEFINITION
A legal action taken when an individual or organization is unable to pay its debts.
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EXAMPLE SENTENCES
The company filed an act of insolvency after failing to meet its financial obligations.
An act of insolvency can lead to bankruptcy proceedings.
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SYNONYMS
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ANTONYMS
solvency financial stability
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