insolvent
IPA: ɪnsˈɑɫvʌnt
noun
- (law) One who is insolvent; an insolvent debtor.
adjective
- Unable to pay one's bills as they fall due.
- Owing more than one has in assets.
- Not sufficient to pay all the debts of the owner.
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Examples of "insolvent" in Sentences
- DW-WORLD: Failed bond swap leaves Escada fashion label insolvent
- Germany's insistence that in the medium term insolvent countries should have their debts restructured.
- The city must also prove to a federal bankruptcy judge that it is technically insolvent, which isn't clear cut in Harrisburg's case, legal experts say.
- What we appear to be doing is propping up insolvent banks, which remain insolvent, until the situation becomes sufficiently dire again that they need more taxpayer funds.
- Tribune's exit from bankruptcy has been delayed in part by claims that investor Sam Zell 's $8.2 billion leveraged buyout of Tribune in 2007 was flawed and rendered the company insolvent from the start.
- My reading of most of the comments here is that stockholders in insolvent enterprises – i.e., holders of worthless assets – should expect to paid market value - i.e., nothing – if the government nationalizes the enterprise.
- If this is indeed the way in which the stress tests play out in the end, then the Obama administration will have missed a golden opportunity to label insolvent banks as such, and thereby justify taking them over and breaking them up.
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