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- Dictionaryinsolvent/ɪnˈsɒlv(ə)nt/
adjective
- 1. unable to pay debts owed: "the company became insolvent"
noun
- 1. an insolvent person.
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Learn the meaning of insolvent as an adjective and a noun, with examples of usage and word history. Find synonyms, antonyms, translations and related words for insolvent.
Insolvent means not having enough money to pay debts, buy goods, etc. Learn how to use this word in finance, accounting, law and business contexts with examples from the Cambridge Dictionary.
- What Is Insolvency?
- How Insolvency Works
- Factors Contributing to Insolvency
- Insolvency vs. Bankruptcy
- The Bottom Line
Insolvency is when an individual or company can no longer meet their financial obligations to lendersas debts become due. Before an insolvent company or person gets involved in insolvency proceedings, they may be involved in informal arrangements with creditors, such as setting up alternative payment arrangements. Insolvency can arise from poor cas...
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 be taken against the insolvent person or entity, and assetsmay be liquidated to pay off outstanding debts. Business owners may contact creditors directly and restructure de...
There are numerous factors that can contribute to a person's or company’s insolvency. A company’s hiring of inadequate accounting or human resources management may contribute to insolvency. For example, the accounting manager may improperly create and/or follow the company’s budget, resulting in overspending. Expenses add up quickly when too much m...
Insolvency is a type of financial distress, meaning the financial state in which a person or entity is no longer able to pay the bills or other obligations. The IRS states that a person is insolvent when the total liabilities exceed total assets. A bankruptcy, on the other hand, is an actual court order that depicts how an insolvent person or busin...
Insolvency is a state where a debtor cannot pay their debts, and it can occur for a number of reasons. Understanding the factors that can lead to insolvency, such as overspending, can help you prevent insolvency and its consequences.
Insolvent means not having enough money to pay debts, buy goods, etc. Learn how to use this word in different contexts, such as finance, law, and business, with examples from various sources.
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.
Insolvent means not having enough money to pay debts or liabilities. See synonyms, examples, word frequency, and usage in finance and accounting.
Insolvency is the condition of not having enough money to pay debts, buy goods, etc. Learn more about the meaning, usage and examples of insolvency in finance, law and business contexts.
