Insolvent Meaning in English
word
Definition
Unable to pay debts; without enough money to meet financial obligations. Usually describes a business or person who cannot pay what they owe.
Usage & Nuances
Mostly formal and used in legal, business, or financial contexts. 'Insolvent' is often contrasted with 'bankrupt'; 'bankrupt' is the legal status, while 'insolvent' is the condition of not having enough money. Common phrase: 'declare insolvent' or 'become insolvent'.
Example Sentences
The company became insolvent after losing its biggest client.
basic
If a person is insolvent, they cannot repay their debts.
basic
Several banks are close to being insolvent.
basic
Their business stayed open for months, even though it was clearly insolvent.
natural
The court declared the firm insolvent after an official audit.
natural
He knew he was insolvent, but kept borrowing more money.
natural