Word Meanings - INSOLVENT - Book Publishers vocabulary database

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. Not sufficient to pay all the debts of the owner; as, an insolvent

Additional info about word: INSOLVENT

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. Not sufficient to pay all the debts of the owner; as, an insolvent estate. 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.

Possible synonyms: (Same meaning words of INSOLVENT)

• Defaulter
• Debtor
• insolvent
• bankrupt

Related words: (words related to INSOLVENT)

• BANKRUPT
  A trader who secretes himself, or does certain other acts tending to defraud his creditors. Blackstone. 2. A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person.
• INSOLVENT
  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. Not sufficient to pay all the debts of the owner; as, an insolvent
• DEFAULTER
  1. One who makes default; one who fails to appear in court when court when called. 2. One who fails to perform a duty; a delinquent; particularly, one who fails to account for public money intrusted to his care; a peculator; a defalcator.
• BANKRUPTCY
  1. The state of being actually or legally bankrupt. 2. The act or process of becoming a bankrupt. 3. Complete loss; -- followed by of.
• DEBTOR
  One who owes a debt; one who is indebted; -- correlative to creditor. bring your latter hazard back again, And thankfully rest debtor for the first. Shak. In Athens an insolvent debtor became slave to his creditor. Mitford. Debtors for our lives