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insolvent

[ɪnˈsɒlvənt]

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

  • 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.

  • a company that is unable to pay its debts

    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'

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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.'