Definition of insolvent
(Entry 1 of 2)
1a
: 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
plural insolvents
Definition of insolvent (Entry 2 of 2)
: an insolvent debtor : a person or entity that is unable to pay debts as they fall due
The country's newspapers regularly published legal notices that announced private assignments for the benefit of creditors, the attachments by creditors against the property of absconding debtors, and court-mandated auctions of assets owned by insolvents.— Edward J. Balleisen
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Merriam-Webster unabridged
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Time Traveler for insolvent
The first known use of insolvent was in 1591
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