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Longman Dictionary of Contemporary English
insolvent
adjective
EXAMPLES FROM OTHER ENTRIES
insolvent businesses
▪ A spokesman denied the bank was insolvent, but depositors are rushing to withdraw their money.
▪ He withdrew saving from a major bank just two days before it was declared insolvent.
▪ The bank could even be rendered insolvent by such a large payment.
▪ The company auditor has filed a warning that Eurotunnel is in danger of becoming insolvent.
▪ The court ordered the dissolution of seven insolvent housing loan companies.
EXAMPLES FROM CORPUS
▪ Half of our projects were insolvent.
▪ Officials estimate the Medicare fund will be insolvent by 2002.
▪ Regional banks founded Chigin Seiho Jutaku Loan, one of the seven insolvent housing lenders.
▪ State banks are virtually insolvent due to politically-directed lending.
▪ Woosung Construction went insolvent yesterday when it failed to honor 16. 9 billion worth of promissory notes the previous day.
The Collaborative International Dictionary
Insolvent

Insolvent \In*sol"vent\, a. [Pref. in- not + solvent: cf. OF. insolvent.] (Law)

  1. Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor.

  2. Not sufficient to pay all the debts of the owner; as, an insolvent estate.

  3. Relating to persons unable to pay their debts.

    Insolvent law, or Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See Bankrupt law, under Bankrupt, a.

Insolvent

Insolvent \In*sol"vent\, n. (Law) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
--Bouvier.

Douglas Harper's Etymology Dictionary
insolvent

1590s, "unable to pay one's debts," from in- (1) "not" + Latin solventem "paying" (see solvent). Originally of one who was not a trader; only traders could become bankrupt.

Wiktionary
insolvent

a. 1 Unable to pay one's bills as they fall due. 2 Owing more than one has in assets. 3 Not sufficient to pay all the debts of the owner. n. (context legal English) One who is insolvent; an insolvent debtor.

WordNet
insolvent
  1. adj. unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate" [ant: solvent]

  2. n. someone who has insufficient assets to cover their debts [syn: bankrupt]

Usage examples of "insolvent".

Even in higher life, a couple of our Ayrshire noblemen, and the major part of our knights and squires, are all insolvent.

Having died insolvent, it had been purchased, at a bargain, by Legree, who used it, as he did everything else, merely as an implement for money-making.

Lucy habitually sacrifices her financial affairs to her amatory ones, a tendency apotheosized and, ironically, terminated by the handsome, insolvent Adorno.

His only recourse is an action of debt, or assumpsit, against Allen individually, and as Allen is notoriously insolvent, Wade and his bondsman will have to make up this deficit.

On a superficial study of your affairs, it looks to us as if your borrowings may well exceed your assets, possibly leaving you insolvent.

He declared at first that he had paid the hundred thousand livres with his own money but when reminded of his various bankruptcies, the claims of his creditors, and the judgments obtained against him as an insolvent debtor, he made a complete volte-face, and declared he had borrowed the money from an advocate named Duclos, to whom he had given a bond in presence of a notary.

After almost two T-centuries of deficit spending to shore up an increasingly insolvent welfare state, Haven had decided it had no choice but to turn conquistador to acquire the resources it needed to support its citizens in the style to which they had become accustomed, and the People's Navy had proven its capacity to do just that over the course of the last five decades.

After almost two T-centuries of deficit spending to shore up an increasingly insolvent welfare state, Haven had decided it had no choice but to turn conquistador to acquire the resources it needed to support its citizens in the style to which they had become accustomed, and the Peoples Navy had proven its capacity to do just that over the course of the last five decades.

After almost two Tcenturies of deficit spending to shore up an increasingly insolvent welfare state, Haven had decided it had no choice but to turn conquistador to acquire the resources it needed to support its citizens in the style to which they had become accustomed, and the Peoples Navy had proven its capacity to do just that over the course of the last five decades.

After almost two T-centuries of deficit spending to shore up an increasingly insolvent welfare state, Haven had decided it had no choice but to turn conquistador to acquire the resources it needed to support its citizens in the style to which they had become accustomed, and the People’.

The better class of minds, however, did not need to be informed that the Powlers were an ancient stock, who could trace themselves so exceedingly far back that it was not surprising if they sometimes lost themselves - which they had rather frequently done, as respected horseflesh, blind-hookey, Hebrew monetary transactions, and the Insolvent Debtors Court.