Insolvent (Adjective)
Meaning
Unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate".
Classification
All adjective clusters.
Examples
- The company went bankrupt after it was declared insolvent and unable to pay its debts.
- After a series of failed investments, the investor found himself insolvent and deeply in debt.
- The insolvent estate was forced to liquidate its assets to pay off outstanding creditors.
- Due to mismanagement, the once-thriving business became insolvent and was forced to shut down.
- The government intervened to bail out the insolvent bank, fearing a collapse of the entire financial system.