insolvent

[ɪnˈsɒlvənt]

insolvent Definition

• 1. unable to pay debts owed; bankrupt
• 2. having insufficient assets to meet debts and liabilities

Using insolvent: Examples

Take a moment to familiarize yourself with how "insolvent" can be used in various situations through the following examples!

• Example

  The company was declared insolvent and went into liquidation.

• Example

  He became insolvent after his business failed.

• Example

  The bank was forced to close due to being insolvent.

insolvent Synonyms and Antonyms

Synonyms for insolvent

• bankrupt
• broke
• ruined
• impecunious

Antonyms for insolvent

• solvent
• wealthy
• affluent

Phrases with insolvent

• insolvent estate

  an estate that is unable to pay its debts

  Example

  The executor of the insolvent estate was responsible for selling off the assets to pay the creditors.

• insolvent company

  a company that is unable to pay its debts

  Example

  The court appointed a liquidator to wind up the affairs of the insolvent company.

• insolvent individual

  a person who is unable to pay their debts

  Example

  The debtor filed for bankruptcy after being declared an insolvent individual.

Origins of insolvent

from Latin 'in-' meaning 'not' + 'solvens' meaning 'loosening'

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Summary: insolvent in Brief

'Insolvent' [ɪnˈsɒlvənt] describes a person, company, or estate that is unable to pay its debts. It is often used in legal and financial contexts, as in 'The company was declared insolvent and went into liquidation.' Synonyms include 'bankrupt' and 'ruined,' while antonyms include 'solvent' and 'affluent.'