Meaning of the German Word "Insolvenz"

Insolvenz
bankruptcy

The state of being unable to pay your debts.

Example Sentence

Das Unternehmen musste Insolvenz anmelden.

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Definition: The state of being unable to pay your debts.

Word Information

What is the CEFR level of the word "Insolvenz"?

B2

What grammatical category does "Insolvenz" have?

Noun

Which vocabulary topic does "Insolvenz" belong to?

Money

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