Meaning of insolvent

in•sol•vent

Pronunciation: (in-sol'vunt), [key]
— adj.
  1. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
  2. pertaining to bankrupt persons or bankruptcy.
—n.
  1. a person who is insolvent.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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