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insolvent
[in-sol-vuhnt]
adjective
not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
Synonyms: , , ,pertaining to bankrupt persons or bankruptcy.
noun
a person who is insolvent.
insolvent
/ ɪˈɒəԳ /
adjective
(of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt
of or relating to bankrupts or bankruptcy
noun
a person who is insolvent; bankrupt
Other Word Forms
- ˈDZԳ noun
Word History and Origins
Origin of insolvent1
Example Sentences
AB 1054 created a wildfire fund to pay for fire damages in an effort to ensure that utilities wouldn’t be rendered insolvent by having to bear billions of dollars in damage costs.
"We do have to bear in mind the possibility that we become insolvent, and it is a real possibility."
The recall is the latest issue faced by the car company, which last year had to temporarily pause manufacturing after one of its parts suppliers became insolvent.
The company behind the development went financially insolvent after the houses were built in 2000.
The external report, published by Elmton with Creswell Parish Council on its website, warns the authority will "most likely" become insolvent and unable to pay staff.
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