Hypertext Webster Gateway: "insolvent"
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) 1.7 (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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