Thesaurus: insolvent
Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor.
Related headwords
debtsdefinitionpaydefinitiontheirdefinitionunabledefinitiondebtordefinitionpersonsdefinitionestatedefinitionsufficientdefinitionapplieddefinitionEnglanddefinitionlawdefinitiontradersdefinitionbankruptdefinitionbusinessdefinitioncoursedefinitiondischargedefinitionduedefinitionfalldefinitionfinancialdefinitionmeetdefinitionobligationsdefinitionordinarydefinitionownerdefinitionrelatingdefinitionsolventdefinitiontheydefinitiontradedefinitioninsolvencydefinition
Definitions
- a. Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor.
- a. Not sufficient to pay all the debts of the owner; as, an insolvent estate.
- a. Relating to persons unable to pay their debts.
- n. One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
- adj. unable to meet or discharge financial obligations
- n. someone who has insufficient assets to cover their debts
- (a) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. Insolvent law, or Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors. See Bankrupt law, under Bankrupt, a. One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders. Bouvier.
- One who is insolvent; as insolvent debtor; -- in England,before 1861, especially applied to persons not traders. Bouvier.
- j:100 a. unable to meet or discharge financial obligations