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insolvent

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insolvent


  3  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Insolvent  \In*sol"vent\,  n.  (Law) 
  One  who  is  insolvent;  as  insolvent  debtor;  --  in  England, 
  before  1861,  especially  applied  to  persons  not  traders. 
  --Bouvier. 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Insolvent  \In*sol"vent\,  a.  [Pref.  in-  not  +  solvent:  cf  OF 
  insolvent.]  (Law) 
  a  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;  as  in 
  insolvent  debtor. 
  b  Not  sufficient  to  pay  all  the  debts  of  the  owner;  as 
  an  insolvent  estate. 
  c  Relating  to  persons  unable  to  pay  their  debts. 
 
  {Insolvent  law},  or  {Act  of  insolvency},  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.  See 
  {Bankrupt  law},  under  {Bankrupt},  a. 
 
  From  WordNet  r  1.6  [wn]: 
 
  insolvent 
  adj  :  unable  to  meet  or  discharge  financial  obligations;  "an 
  insolvent  person";  "an  insolvent  estate"  [ant:  {solvent}] 
  n  :  someone  who  has  insufficient  assets  to  cover  their  debts 
  [syn:  {bankrupt}] 




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