insolvent

Insolvent is defined as being bankrupt and unable to pay debts.

(adjective)

A person who has $10 and owes $100 is an example of someone who is insolvent.

The definition of an insolvent is a person who is bankrupt or unable to pay his or her debts.

(noun)

A person who owes $100 but who only has $10 is an example of an insolvent.

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See insolvent in Webster's New World College Dictionary

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

noun

an insolvent person

See insolvent in American Heritage Dictionary 4

adjective
  1. a. Unable to meet debts or discharge liabilities; bankrupt.
    b. Insufficient to meet all debts, as an estate or fund.
  2. Of or relating to bankrupt persons or entities.
noun
A bankrupt.

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