Insolvent
Insolvent is the condition when one is unable to pay one’s debt obligations when due.
Webster Dictionary Meaning
1. Insolvent
- 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.- Not sufficient to pay all the debts of the owner; as, an insolvent estate.
- Relating to persons unable to pay their debts.
2. Insolvent
- One who is insolvent; as insolvent debtor; -- in
England, before 1861, especially applied to persons not traders. Category: Banking & Finance
Previous: ← Inflation Premium
Next: Insufficient Funds →
More from this Section
- Margin requirement
Margin requirement refers to deposit placed on a contract (such as a currency futures ... - Aged fail
Aged fail is an account between two broker/dealers that remains intact after 30 days after ... - Tranche
Tranche means an allocation of shares, typically to underwriters that are expected to ... - Arbitrage
Arbitrage simply means finding two things that are essentially the same and buying cheaper ... - Variable Rate
Variable Rate is a variable rate loan or credit agreement, calls for an interest rate ...