Definitions of "insolvent"
  1. Refers to the state when an entity or person is incapable of meeting monetary obligations as they are due in their normal business operations
  2. When the total debt owed by an individual or entity surpasses the fair market value of their assets
  3. The condition when the total amount of debt exceeds the available assets or means to repay them
How to use "insolvent" in a sentence
  1. After several bad investments, the company became insolvent and had no choice but to file for bankruptcy.
  2. Due to the financial crisis, many homeowners found themselves insolvent when the value of their homes plummeted.
  3. The insolvent business was unable to pay its employees and suppliers, eventually leading to its closure.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z