unable to pay debts owed; bankrupt, having insufficient assets to meet debts and liabilities

Formal and Informal Expressions of insolvent

In different contexts, you can replace 'insolvent' with suitable alternatives. In a more formal setting, 'bankrupt, indebted' is apt. In informal speech or writing, 'broke, skint' is a commonplace synonym.

insolvent: Explore its Definition & Usage

insolvent Definition

1unable to pay debts owed; bankrupt
2having 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

Antonyms for insolvent

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.'