Definition of Insolvent

In`sol´vent
a.1.(Law) 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.
Insolvent law
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.
n.1.(Law) One who is insolvent; as insolvent debtor; - in England, before 1861, especially applied to persons not traders.


Related Words

bankrupt, broke, broken, busted, destitute, down-and-out, failed, failure, fortuneless, homeless, impoverished, in Queer Street, in receivership, in the gutter, in the red, indebted, insolvent debtor, lame duck, landless, moneyless, on the rocks, out of funds, penniless, propertyless, ruined, unsound, wiped out, without a sou


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