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Definition of insolvent

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insolvent

adjective (a)

  • unable to meet or discharge financial obligations (adj.all)
    Antonym: solvent
    Example:
    An insolvent person.
    An insolvent estate.
    source: wordnet30
  • 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. (adjective)
    source: webster1913

noun (n)

  • someone who has insufficient assets to cover their debts (noun.person)
    Synonym: bankrupt
    source: wordnet30
  • One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders. (noun)
    source: webster1913

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