Dictionary

insolvent

adjective in·sol·vent \(ˌ)in-ˈsäl-vənt, -ˈsl-\

: not having enough money to pay debts

Full Definition of INSOLVENT

1
a :  unable to pay debts as they fall due in the usual course of business
b :  having liabilities in excess of a reasonable market value of assets held
2
:  insufficient to pay all debts <an insolvent estate>
insolvent noun

First Known Use of INSOLVENT

1591

Other Economics Terms

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

Rhymes with INSOLVENT

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April 27, 2015
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