insolvent Meaning, Definition & Usage

  1. noun someone who has insufficient assets to cover their debts
    bankrupt.
  2. adjective unable to meet or discharge financial obligations
    • an insolvent person
    • an insolvent estate

WordNet

In*sol"vent adjective
Etymology
Pref. in- not + solvent: cf. OF. insolvent.
Definitions
  1. (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.
In*sol"vent noun
Definitions
  1. (Law) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders. Bouvier.

Webster 1913