insolvent
Speech parts
1. insolvent - Noun
2. insolvent - Adjective
Meaning
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.
One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
Source: Webster's dictionarySynonyms
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Examples
The unluckiest insolvent in the world is the man whose expenditure is too great for his income of ideas.
an insolvent person
an insolvent estate
According to Oviir, the non-parliamentary political party remains insolvent: its net assets total -€38,000, while its current short-term liabilities total €40,000.
According to the latest estimate by the Medicare trustees (2011), the trust fund is expected to become insolvent in 13 years (2024), at which time available revenue will cover 90 percent of annual projected costs.
Bankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $1,000 in debt.