Insolvent
adjective
Not having enough money to pay debts.
The company is insolvent and has filed for bankruptcy.
Often appears as...
- declare insolvent
- insolvent estate
Usage tips
Formal
Technical
noun
A person or organization that is unable to pay debts.
As an insolvent, he was protected from his creditors.
Often appears as...
- declare an insolvent
- insolvent's estate
Usage tips
Formal
Technical
adjective
Not having enough money to pay debts.
The company is insolvent and has filed for bankruptcy.
Often appears as...
- declare insolvent
- insolvent estate
Usage tips
Formal
Technical
noun
A person or organization that is unable to pay debts.
As an insolvent, he was protected from his creditors.
Often appears as...
- declare an insolvent
- insolvent's estate
Usage tips
Formal
Technical
Definition 1 of 2
Pro Tip 1/3Financial Crisis
Used when a company legally can't pay what they owe and faces legal consequences.
The clothing retailer became insolvent after poor holiday sales.
Pro Tip 2/3Debt-Related Collapse
Describes when debts massively exceed assets, often leading to bankruptcy proceedings.
Due to massive debts, the tech startup quickly slid into insolvency.
Pro Tip 3/3Legal Consequence
Implies legal action or intervention when one cannot settle debts.
The insolvent company faced a court order to liquidate its assets.
Compare with
bankruptdefunctfailleimpoverishindebtedpennilessruin
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Quote examples
Ben Bernanke
American Public Servant
In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.
Quote examples
Paul Singer
American Businessman
In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.
Quote examples
Walker Stapleton
American Politician
If a division becomes insolvent, the credit markets' reaction to that is immediate - regardless of what period of time you think you have to remedy.
Quote examples
Joe Heck
American Politician
We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.
Quote examples
Ben Bernanke
American Public Servant
In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.
Quote examples
Paul Singer
American Businessman
In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.
Quote examples
Walker Stapleton
American Politician
If a division becomes insolvent, the credit markets' reaction to that is immediate - regardless of what period of time you think you have to remedy.
Quote examples
Joe Heck
American Politician
We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.
Example 1 of 4
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