Meaning of the word solvency in English

What does solvency mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

solvency

US /ˈsɑːl.vən.si/
UK /ˈsɒl.vən.si/
"solvency" picture

Noun

the ability to pay all the money that is owed

Example:
The company's solvency was questioned after a series of financial losses.
Maintaining financial solvency is crucial for any business.