insolvent

[in-sol-vuh nt] /ɪnˈsɒl vənt/
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.
2.
pertaining to bankrupt persons or bankruptcy.
noun
3.
a person who is insolvent.
Origin
1585–95; in-3 + solvent
Synonyms
1. penniless, destitute, impoverished, bankrupt.
British Dictionary definitions for in solvent
insolvent (ɪnˈsɒlvənt)
 
adj
1.  (of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt
2.  of or relating to bankrupts or bankruptcy
 
n
3.  a person who is insolvent; bankrupt
 
in'solvency
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin and History for in solvent
insolvent
1591, "unable to pay one's debts," from in- "not" + L. solventem "paying" (see solvent). Originally of one who was not a trader; only traders could become bankrupt.
Online Etymology Dictionary, © 2010 Douglas Harper
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