Dictionary
Thesaurus
Reference
Translate
Web
insolvent - 7 dictionary results

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.
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.

Insolvent

In*sol"vent\, a. [Pref. in- not + solvent: cf. OF. insolvent.] (Law) (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts.

Insolvent law, or Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors. See Bankrupt law, under Bankrupt, a.

Insolvent

In*sol"vent\, n. (Law) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders. --Bouvier.

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.

insolvent

Unable to meet debts or discharge liabilities. Compare solvent.


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
Search another word or see insolvent on Thesaurus | Reference