Dictionary
Thesaurus
Reference
Translate
Web
insolvent - 6 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
in·sol·vent     (ĭn-sŏl'vənt)  Pronunciation Key 
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 
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

adjective
1. unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate" [ant: solvent

noun
1. someone who has insufficient assets to cover their debts [syn: bankrupt

Insolvent

Bank"rupt\, a. 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.

2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.

3. Relating to bankrupts and bankruptcy.

4. Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude." --Sheridan.

Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.

Insolvent

In*sol"ven*cy\, n.; pl. Insolvencies. (Law) (a) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency. (b) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.

Act of insolvency. See Insolvent law under Insolvent, a.

Share :Share This: digg.comShare This: www.stumbleupon.comShare This: del.icio.usShare This: FacebookShare This: favorites.live.comShare This: www.technorati.comShare This: furl.netShare This: www.myspace.comShare This: www.google.comShare This: myweb2.search.yahoo.comShare This: myjeeves.ask.com
Search another word or see insolvent on Thesaurus | Reference | Translate
Get your FREE Subscription to Dictionary.com Word of the Day
The FREE Dictionary.com Toolbar
Dictionary Thesaurus Reference
The answers are right on your browser and just a click away with Dictionary.com Toolbar.