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

Definition & Meaning of "insolvent"

insolvent
01

incapable of fulfilling financial obligations due to a lack of money

Insolvent
01

someone who has insufficient assets to cover their debts

insolvent

adj

solvent

adj

solve

v
example
Example
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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