insolvent (Meaning)
insolvent (n)
someone who has insufficient assets to cover their debts
insolvent (a)
unable to meet or discharge financial obligations
insolvent (a.)
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.
Not sufficient to pay all the debts of the owner; as, an insolvent estate.
Relating to persons unable to pay their debts.
insolvent (n.)
One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
Synonyms & Antonyms of insolvent
Synonyms:
Antonyms:
Synonyms:
- distressed
- deprived
- hardscrabble
- needful
- unaffluent
- pinched
- pauperized
- ruined
- down-and-out
- penurious
- necessitous
- dirt-poor
- reduced
- straitened
- beggarly
- threadbare
- poverty-stricken
- skint
- depressed
- impecunious
- beggared
- disadvantaged
- needy
- dispossessed
- hand-to-mouth
- underprivileged
- famished
- short
- low
- poorish
- possessionless
- hard up
Antonyms:
insolvent Sentence Examples
- The corporation declared itself insolvent, unable to pay its debts.
- The business was insolvent for months before it filed for bankruptcy.
- The homeowner was forced to sell their property as they were insolvent.
- The government provided financial assistance to the insolvent bank.
- The company's assets were insufficient to cover its liabilities, rendering it insolvent.
- The debtor's inability to service their loans resulted in an insolvency proceeding.
- The insolvent financial institution was placed under receivership.
- Insolvent individuals may seek legal protection from creditors through bankruptcy.
- The government implemented measures to prevent the insolvency of major industries.
- The company was declared insolvent after failing to meet its financial obligations for an extended period.
FAQs About the word insolvent
someone who has insufficient assets to cover their debts, unable to meet or discharge financial obligationsNot solvent; not having sufficient estate to pay one'
bankrupt, bankrupted, destitute, broke,impoverished, indigent, busted, bust, penniless, poor
wealthy, rich, prosperous, wealthy, comfortable,prosperous, comfortable, rich, well-to-do,affluent
The corporation declared itself insolvent, unable to pay its debts.
The business was insolvent for months before it filed for bankruptcy.
The homeowner was forced to sell their property as they were insolvent.
The government provided financial assistance to the insolvent bank.
