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Insolvenz

insolvency

noun in-zol-VENTS Rare
People & Society Money

Origin: from Latin insolvens 'not paying'

Also means

bankruptcy

Usage Note

Insolvenz is the formal legal term for insolvency, used in courts and business press where Pleite is the slang. A firm meldet Insolvenz an (files for insolvency). The administrator is the Insolvenzverwalter. Plural is Insolvenzen.

Examples

"Das Unternehmen musste Insolvenz anmelden."

Natural Translation

The company had to file for insolvency.

Literal Translation

The company had-to insolvency file.

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