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insolvent

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Virginia Bankruptcy Info
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in⋅sol⋅vent

[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.
2. pertaining to bankrupt persons or bankruptcy.
–noun
3. a person who is insolvent.

Origin:
1585–95; in- 3 + solvent


1. penniless, destitute, impoverished, bankrupt.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
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Virginia Bankruptcy Info
from Robert Weed. FAQs and tips. Friendly service with a smile.
robertweed.com/about_bankruptcy
in·sol·vent   (ĭn-sŏl'vənt)   
adj.  
    1. Unable to meet debts or discharge liabilities; bankrupt.

    2. Insufficient to meet all debts, as an estate or fund.

  1. Of or relating to bankrupt persons or entities.

n.  A bankrupt.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

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, © 2001 Douglas Harper
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Financial Dictionary

insolvent

Unable to meet debts or discharge liabilities. Compare solvent.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: in·sol·vent
Pronunciation: in-'säl-v&nt
Function: adjective
1 : having ceased paying or unable to pay debts as they fall due in the usual course of business —compare BANKRUPT
2 : having liabilities in excess of a reasonable market value of assets held
3 : insufficient to pay all debts insolvent estate> —insolvent noun
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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