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Zahlungsunfähigkeit

insolvency

noun TSAH-loongs-oon-fay-ikh-kyt Rare

Also means

inability to pay

Usage Note

Zahlungsunfähigkeit is the legal state of being unable to meet financial obligations as they fall due. It is the primary trigger for Insolvenzantrag (insolvency petition). Distinct from Überschuldung (over-indebtedness).

Examples

"Die Firma musste wegen Zahlungsunfähigkeit Insolvenz anmelden."

Natural Translation

The company had to file for insolvency due to inability to pay.

Literal Translation

The firm had to because-of inability-to-pay insolvency declare.

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