Definition, Meaning & Synonyms
financial-ruin
noun
/fəˈnænʃəl ˈruːɪn/
Definition
A state in which an individual or entity has lost all their financial resources, resulting in an inability to meet financial obligations.
Examples
- After several failed business ventures, he faced financial ruin.
- The economic downturn pushed many families to the brink of financial ruin.
- Seeking help from a financial advisor can prevent financial ruin for struggling individuals.
Meaning
Financial ruin refers to the complete degradation of one’s financial status, often leading to bankruptcy or severe financial distress.
Synonyms
- bankruptcy
- insolvency
- financial collapse
- economic disaster
