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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
1585-1595
1585-95; in-3 + solvent
Synonyms
1. penniless, destitute, impoverished, bankrupt.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for insolvent
  • Remember, the system was about to collapse and they needed the public coffers to keep an insolvent private banking industry alive.
  • In the old days, bank runs would start when people grew fearful that a bank was insolvent.
  • Its auditors judged that if the transaction went ahead the company would become technically insolvent.
  • It means, among other things, that the big four are technically insolvent.
  • If they honestly admitted the market value of the loans, shares and property they hold, many would be insolvent.
  • Negative equity does not reduce homeowners' mobility when people are insolvent or willing to default.
  • Such an infusion would greatly reduce the chances that the company would be declared insolvent.
  • Meanwhile, an insolvent banking system needs to be recapitalised.
  • Most of these countries are either insolvent or well on their way.
  • Patchy compensation schemes have left some displaced families insolvent.
British Dictionary definitions for 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
3.
a person who is insolvent; bankrupt
Derived Forms
insolvency, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for insolvent
adj.

1590s, "unable to pay one's debts," from in- (1) "not" + Latin 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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