Advertisement
Legal Dictionary

insolvent

Legal Definition of insolvent

Adjective

  1. A person not able to pay his or her debts as they become due. "Insolvency" is a prerequisite to bankruptcy.

Definition of insolvent

Adjective

insolvent (comparative more insolvent, superlative most insolvent)

  1. Unable to pay one's bills as they fall due.
  2. Owing more than one has in assets.

Antonyms

  • solvent

Derived terms

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



SHARE THIS PAGE


TOP LEGAL TERMS THIS WEEK
1.     AORO
2.     Miranda warning
3.     adjudication order
4.     lex patriae
5.     witness
6.     stare decisis
7.     appellant
8.     injunctions
9.     ad valorem tax
10.     abscond