Legal Dictionary
insolvent
Legal Definition of insolvent
Adjective
- A person not able to pay his or her debts as they become due. "Insolvency" is a prerequisite to bankruptcy.
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Definition of insolvent
Adjective
insolvent (comparative more insolvent, superlative most insolvent)
- Unable to pay one's bills as they fall due.
- Owing more than one has in assets.
Antonyms
Derived terms
References:
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
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