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The meaning of INSOLVENT is unable to pay debts as they fall due in the usual course of business. How to use insolvent in a sentence.
INSOLVENT definition: 1. (especially of a company) not having enough money to pay debts, buy goods, etc. 2. (especially…. Learn more.
Apr 11, 2024 · Insolvency is a state of financial distress in which a business or person is unable to pay their bills. Insolvency can lead to insolvency proceedings, in which legal action will...
INSOLVENT meaning: 1. (especially of a company) not having enough money to pay debts, buy goods, etc. 2. (especially…. Learn more.
adjective. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature. Synonyms: bankrupt, impoverished, destitute, penniless. pertaining to bankrupt persons or bankruptcy.
adjective. 1. not solvent; unable to pay debts as they become due; bankrupt. 2. not enough to pay all debts. an insolvent inheritance. 3. of insolvents or insolvency.
a situation in which a person or company does not have enough money to pay debts, buy goods, etc.: The company warned that it may have to seek insolvency proceedings, which would see creditors recover only a small amount of their liabilities. The building owners agreed to contribute to the union's health plan to rescue it from insolvency.
