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.

Related Links

synonyms for insolventdescribing words for insolvent
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