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
Phrases with insolvent
Example
The executor of the insolvent estate was responsible for selling off the assets to pay the creditors.
Example
The court appointed a liquidator to wind up the affairs of the insolvent company.
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'
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.'
