insolvent

[ in-sol-vuhnt ]

adjective

1. 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

2. pertaining to bankrupt persons or bankruptcy.

noun

1. a person who is insolvent.

insolvent

/ ɪnˈsɒlvənt /

adjective

1. (of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt
2. of or relating to bankrupts or bankruptcy

noun

1. a person who is insolvent; bankrupt

Derived Forms

• inˈsolvency, noun

Word History and Origins

Origin of insolvent¹

First recorded in 1585–95; in- ³ + solvent

Example Sentences

"Conditions of our funding are that we would seek repayment if the business becomes insolvent," said a spokesperson.

From BBC

The program's funding is already in crisis and expected to become insolvent as early as 2033.

From Salon

Garvey also joined a long line of creditors trying to claw back some money from the insolvent company in bankruptcy court, filing a claim for $675,832 that he said he was owed.

From Los Angeles Times

With 58% of the top 92 technically insolvent and annual loses of £10m a year in the Championship viewed as 'a success', football is an industry in desperate need of financial reform.

From BBC

State guaranty associations protect policyholders when an insurer defaults or becomes insolvent.

From Los Angeles Times

Related Words

• bankrupt
• broke
• failed
• indebted
• strapped