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insolvent

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insolvent

Main Entry:: in·sol·vent
Pronunciation:: \(ˌ)in-ˈsäl-vənt, -ˈsȯl-\
Function:: adjective
Date:: 1591

1 a (1): unable to pay debts as they fall due in the usual course of business (2): having liabilities in excess of a reasonable market value of assets held b: insufficient to pay all debts <an insolvent estate> c: not up to a normal standard or complement : impoverished2: relating to or for the relief of insolvents

— insolvent noun

Learn more about "insolvent" and related topics at Britannica.com

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