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🇩🇪German Source WordCode: DE

Insolvenz

Pronunciation / Transliteration: /ɪn.zɔlˈvɛnt͡s/

🇬🇧 Direct English Meaning:
Bankruptcy/ˈbæŋkrəpt.si/
nounCEFR C1 (Advanced)Top #4500 frequency
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🇩🇪 Example Sentence in German:

"Das Unternehmen musste Insolvenz anmelden."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A legal proceeding involving a person or business that is unable to repay their outstanding debts.

    "The retail chain was forced to file for bankruptcy after suffering years of declining sales."
  2. 2

    Complete exhaustion or ruin of a particular quality or value.

    "Critics pointed to the moral bankruptcy of the political administration."
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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from the Italian 'banca rotta' meaning 'broken bench', referring to the custom of breaking the money-lender's bench in medieval Italy when he failed. It entered English via the French 'banqueroute' in the late 16th century, shifting from physical business destruction to legal insolvency.

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