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insolvent
[ in-sol-vuhnt ]
adjective
- not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
Synonyms: bankrupt, impoverished, destitute, penniless
- pertaining to bankrupt persons or bankruptcy.
noun
- a person who is insolvent.
insolvent
/ ɪnˈsɒlvənt /
adjective
- (of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt
- of or relating to bankrupts or bankruptcy
noun
- a person who is insolvent; bankrupt
Derived Forms
- inˈsolvency, noun
Word History and Origins
Origin of insolvent1
Example Sentences
Soon the nation would have no choice but to declare itself insolvent, instigating a battle with the dozens of banks and creditors that held its $8 billion in debt and triggering austerity measures that would spiral the island into further poverty.
Evan Chesler, one of Musk's attorneys, said at the hearing that the deal was not a bailout and that SolarCity is far from insolvent and that its finances are similar to those of many high-growth companies.
The plan was declared insolvent and placed in receivership in 2017.
The money was instead deposited into accounts tied to the previous owners, leaving the new owners with few options as they tried to keep the facilities from becoming insolvent.
When it collapsed in June, pressure to overhaul the index mounted as existing rules didn’t allow for the benchmark’s first-ever insolvent member to be ejected right away.
For more than a year now, little Greece has been insolvent after its politicians recklessly piled up $467 billion in debt.
"Your claim is with a hopelessly insolvent company," he told Gettelfinger.
The truth, as many experts have maintained, is that the leading banks are insolvent, and have been so for more than a year.
As we have seen over the last 18 months, the latter is what near- insolvent banks do.
And the reality is, if the subprime securities are truly trash, most of the big banks are troubled and some are insolvent.
Now men laughed at him, pointed to him with their fingers, and made their children mock and hoot the penniless insolvent.
Unless the maker of a note is insolvent, a bank can never pay the unmatured note of a depositor.
Sganerelle demands the payment of his wages from his henceforth insolvent master.
Old Strang died insolvent; he used to gamble, had ruined himself without saying a word.
And Rembrandt died insolvent, while Sir Godfrey amassed a fortune!
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