Insolvent
Unable to pay debts; financially insolvent
adjectiveInsolvent
Unable to pay debts; financially insolvent
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Imagine This
The man who could not dissolve his company was forced to declare bankruptcy so that he could start a new life all over again on a clean slate.
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Sounds Like
in-SOL-vษnt
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Looks Like
in-solvent (not solvent)
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Remember This
Remember that 'solvent' means having enough assets to pay all debts; 'insolvent' is the opposite. Insolvency is the state of being unable to pay debts.
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Other Forms
insolvencynoun
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Connect With
solvent, bankruptcy, insolvency, debt, creditor, liquidation
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Note
Avoid confusing 'insolvent' with merely being in debt temporarily; insolvency implies a sustained inability to meet obligations and often leads to bankruptcy or liquidation.