Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Unable to meet debts or discharge liabilities; bankrupt.
- adjective Insufficient to meet all debts, as an estate or fund.
- adjective Of or relating to bankrupt persons or entities.
- noun A bankrupt.
from The Century Dictionary.
- Not solvent; unable or inadequate to satisfy all claims; bankrupt: as, an insolvent debtor or estate.
- Of or respecting insolvency or bankruptcy: as, insolvent laws.
- noun A debtor who is not solvent. See
insolvency .
from the GNU version of the Collaborative International Dictionary of English.
- noun (Law) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
- adjective Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business.
- adjective Not sufficient to pay all the debts of the owner.
- adjective Relating to persons unable to pay their debts.
- adjective a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See Bankrupt law, under
Bankrupt , a.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Unable to pay one's bills as they fall due.
- adjective Owing more than one has in assets.
- noun law One who is insolvent; an insolvent
debtor .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun someone who has insufficient assets to cover their debts
- adjective unable to meet or discharge financial obligations
Etymologies
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Examples
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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.
Tribune Set to Name Caretaker Managers Russell Adams 2010
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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.
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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.
The Bailout and Nationalization xtra 2009
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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.
Archive 2009-02-01 xtra 2009
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Germany's insistence that in the medium term insolvent countries should have their debts restructured.
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Germany's insistence that in the medium term insolvent countries should have their debts restructured.
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DW-WORLD: Failed bond swap leaves Escada fashion label insolvent
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DW-WORLD: Failed bond swap leaves Escada fashion label insolvent
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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.
Capital Files for Bankruptcy Michael Corkery 2011
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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.
Wonk Room » How Does A Bank ‘Pass’ A Stress Test, Yet Still Require ‘Exceptional Assistance’? 2009
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