"Financial insolvency" means that an individual or an organization is unable to pay their debts or fulfill their financial obligations. This usually suggests a situation where income or assets are not enough to cover the debts or expenses.
Full definition
Synonyms for individual words can be found below.
«financial»
«insolvency»
Sentences with «financial insolvency»
- This new option is important because traditional travel insurance plans typically cover cancellations for a list of reasons, including traveler or family member accident / illness, and travel supplier financial insolvency. (prweb.com)
- ** In order to receive that coverage for financial insolvency, the travel insurance plan needs to be purchased prior to or within 24 hours of final trip payment. (generalitravelinsurance.com)
- Trip Cancellation or Interruption resulting from Financial Insolvency of an airline, cruise line or tour operator (when optional Trip Cancellation / Interruption is included) * (travelsafe.com)
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