Legal Dictionary
Main Entry:
in·sol·ventPronunciation:
in-'säl-v&ntFunction:
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