maksukyvyttömyys — meaning in English
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English meaning
- default noun A preset option or value used automatically when no other choice is made.
- insolvency noun The state of not having enough money to pay what you owe when it is due.
Senses
maksukyvyttömyys is used for these senses in English:
- default (finance) The condition of failing to meet an obligation.
- insolvency (finance) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay their debts as they fall due, or in the usual course of trade and business.
default — full definition
- noun A preset option or value used automatically when no other choice is made.
- noun Failure to fulfill an obligation, especially a financial or legal one.
- verb To fail to meet a financial or legal obligation.
insolvency — full definition
- noun The state of not having enough money to pay what you owe when it is due.
- noun Not having enough to cover everything the owner owes.
- noun A situation in which someone owes more than they own.
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