Pronunciation: /ækt ʌv ɪnˈsɑlvənsi/
noun a word that refers to a person, place, thing, event, substance, or quality
A1 An act of insolvency occurs when a company is unable to pay its debts.
A2 If a business commits an act of insolvency, it may be forced into liquidation.
B1 Creditors can petition for bankruptcy if they believe an act of insolvency has taken place.
B2 The court will examine the evidence to determine if an act of insolvency has occurred.
C1 In cases of suspected fraud, proving an act of insolvency can be complex and require expert analysis.
C2 The company's financial records were scrutinized to uncover any potential act of insolvency.
preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence
A1 An act of insolvency can lead to financial trouble.
A2 Filing for bankruptcy is considered an act of insolvency.
B1 Creditors may take legal action if they believe an act of insolvency has occurred.
B2 The company's sudden closure was seen as an act of insolvency.
C1 The court will investigate whether the company's actions constitute an act of insolvency.
C2 Proving an act of insolvency can be complex in some cases.
article a word that is used to point out or refer to a noun
A1 An act of insolvency is when a person or company cannot pay their debts.
A2 If a business commits an act of insolvency, it may be forced to declare bankruptcy.
B1 Understanding the legal implications of an act of insolvency is important for business owners.
B2 Creditors can take legal action against a debtor who has committed an act of insolvency.
C1 The court will examine the evidence to determine if the company's actions constitute an act of insolvency.
C2 The board of directors was held responsible for allowing the company to reach the point of act of insolvency.
formal The act of insolvency occurs when a company is unable to pay its debts.
informal When a company can't pay its bills, that's considered an act of insolvency.
slang If a business is broke and can't settle its debts, it's in the act of insolvency.
figurative His reckless spending was the final act of insolvency that led to his financial downfall.
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