Insolvent - definition, pronunciation, transcription
Amer.
|ɪnˈsɑːlvənt|
Brit.
|ɪnˈsɒlv(ə)nt|
noun
adjective
- unable to meet or discharge financial obligations
an insolvent person
an insolvent estate
an insolvent estate
Extra examples
The company was later declared insolvent (=officially said to be insolvent).
The bank is insolvent and will be unable to live up to its obligations.
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