insolvent

[US]/ɪn'sɒlv(ə)nt/
[UK]/ɪn'sɑlvənt/
Frequency: Very High

Translation

adj. unable to pay debts; bankrupt
n. a person unable to pay debts; bankrupt

Example Sentences

They lost orders and were insolvent within weeks.

Insolvent tenants openly defied the collector of the waterrate from their ten-roomed strongholds, and existed for weeks without any visible means of procuring that necessary fluid.

The company went insolvent due to mismanagement.

Many small businesses become insolvent within the first few years of operation.

The court declared the company insolvent and ordered its assets to be liquidated.

He was declared personally insolvent after failing to repay his debts.

The creditors will meet to discuss the insolvent company's future.

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