Definition of Insolvent
Insolvent
in·sol·vent
Definition/Meaning
(adjective)
being unable to pay off debt;
e.g. Since he lost his job, he has become insolvent, and may lose his home because of it.
(noun)
a person who or an entity that is unable to pay the debt;
e.g. Many insolvents come to me for financial help as a last resort.
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