There are several synonyms that can be used to describe financial loss or ruin. Some commonly used terms include bankruptcy, insolvency, financial distress, financial hardship, and financial ruin. Bankruptcy refers to the legal process in which a person or business declares their inability to pay off their debts, while insolvency refers to the lack of ability to pay off debts. Financial distress and financial hardship both refer to difficult financial situations that may lead to bankruptcy or insolvency. Financial ruin is a more severe term that describes a complete loss of financial stability. It's essential to use accurate terminology when discussing financial matters to ensure clear communication.