According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
INSOLVENCY
insolvency
(noun) the lack of financial resources
Source: WordNet® 3.1
Etymology
Noun
insolvency (countable and uncountable, plural insolvencies)
The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business.
Insufficiency to discharge all debts of the owner.
The condition of having more debts than assets.
Antonyms
• solvency
Source: Wiktionary
In*sol"ven*cy, n.; pl. Insolvencies (. (Law) (a) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency. (b) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate. Act of insolvency. See Insolvent law under Insolvent, a.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
7 January 2025
UNINFORMATIVELY
(adverb) in an uninformative manner; “‘I can’t tell you when the manager will arrive,’ he said rather uninformatively”
Coffee Trivia
