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Glite Dictionary
💸 Unable to pay 💸 A bankrupt person
insolvent

insolvent

7.2
A person who cannot pay their debts because they have too little money
  • noun
  • /ɪnˈsɒlvənt/
  • Specialized
translation icon : insolvente
  • The court declared her an insolvent after reviewing the state of her finances.

Examples

  • As an insolvent, he was no longer allowed to operate his business until his debts were settled.

  • After the market crash, many investors became insolvent and were unable to pay their creditors.

  • An insolvent individual must seek legal advice.

  • Is he considered insolvent now?

  • After failing to pay her bills for several months, she was declared an insolvent by the court.

  • When a business becomes insolvent, it may need to undergo bankruptcy proceedings.

  • The financial advisor explained that an insolvent person cannot meet their debt obligations.

Synonyms

bankrupt
vsinsolvent
2 3.9

A person or business that a court says cannot pay its debts

is unable to pay debts due to lacking money or assets without legal declaration

Antonyms

solvent
15 5.5

Having enough money to pay debts and bills

How Solvent

indebtedness
5 7.0
insolvent
  • Specialized
7.2
bankrupt
151 4.2

Surface Forms

insolvent singular
insolvents plural
insolvency singular

Etymology

Insolvent as a noun has the same Latin parts, in- 'not' and solvere 'to loosen' or 'to pay', which you can see in words like solve. So an insolvent is a person who is 'not able to pay' what they owe.