Insolvent
volume
British pronunciation/ɪnsˈɒlvənt/
American pronunciation/ˌɪnˈsɑɫvənt/

Ορισμός και Σημασία του "insolvent"

01

incapable of fulfilling financial obligations due to a lack of money

01

someone who has insufficient assets to cover their debts

example
Παράδειγμα
examples
The company became insolvent after several poor financial decisions.
The insolvent firm had to negotiate with creditors for a settlement.
He realized he was insolvent when he couldn’t pay his bills.
The government intervened to help the insolvent banks stabilize the economy.
Being declared insolvent meant they had to restructure their debt.
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