Insolvent: meaning, definitions and examples

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insolvent

[ ɪnˈsɒlvənt ]

^{Context #1}

financial

Unable to pay debts; bankrupt.

Synonyms

bankrupt, broke, penniless

Examples of usage

The company became insolvent due to mismanagement of funds.
After losing his job, he was declared insolvent.

^{Context #2}

legal

Not having enough assets to cover debts.

Synonyms

bankrupt, indebted, penurious

Examples of usage

The court declared him insolvent and ordered the liquidation of his assets.
The lawyer advised filing for insolvency to protect his client's remaining assets.

Translations

Translations of the word "insolvent" in other languages:

🇵🇹 insolvente

🇮🇳 दिवालिया

🇩🇪 zahlungsunfähig

🇮🇩 bangkrut

🇺🇦 неплатоспроможний

🇵🇱 niewypłacalny

🇯🇵 支払い不能

🇫🇷 insolvable

🇪🇸 insolvente

🇹🇷 iflas etmiş

🇰🇷 지불 불능

🇸🇦 مفلس

🇨🇿 insolventní

🇸🇰 insolventný

🇨🇳 破产

🇸🇮 insolventen

🇮🇸 gjaldþrota

🇰🇿 төлем қабілетсіз

🇬🇪 გადახდისუუნარო

🇦🇿 ödəmə qabiliyyətsiz

🇲🇽 insolvente

Word origin

The word 'insolvent' originated from the Latin word 'insolvens', which means 'not paying'. It has been used in English since the mid-18th century to describe individuals or entities that are unable to meet their financial obligations. Insolvency can be a result of poor financial management, economic downturns, or unexpected events. When someone is declared insolvent, it often leads to legal proceedings to resolve outstanding debts and liabilities.