insolvent

in·sol·vent

adj \(ˌ)in-ˈsäl-vənt, -ˈsȯl-\

Definition of INSOLVENT

1

a (1) : unable to pay debts as they fall due in the usual course of business (2) : having liabilities in excess of a reasonable market value of assets held b : insufficient to pay all debts <an insolvent estate> c : not up to a normal standard or complement : impoverished

2

: relating to or for the relief of insolvents

— insolvent noun

First Known Use of INSOLVENT

1591

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with INSOLVENT

dissolvent, resolvent