Definition of Insolvent
Insolvent
in·sol·vent
Definition/Meaning
(adjective)
Unable to pay debts or financial obligations.
e.g. The company went bankrupt after becoming insolvent due to poor management.
(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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