Word:

Insolvent

In`sol´vent
a.1.(Law) 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.
Insolvent law
a law affording relief, - subject to various modifications in different States, - to insolvent debtors, upon their delivering up their property for the benefit of their creditors; bankruptcy law. See Bankrupt law, under Bankrupt, a.
n.1.(Law) One who is insolvent; as insolvent debtor; - in England, before 1861, especially applied to persons not traders.
Noun1.Insolventinsolvent - someone who has insufficient assets to cover their debts
Synonyms: bankrupt
Adj.1.insolvent - unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate"
Antonyms:
solvent - capable of meeting financial obligations

INSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980.. A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility which his creditors may enforce, by recourse to legal measures, without reference to his estate proving sufficient to pay all his debts, when ultimately wound up. 3 Dowl. & Ryl. Rep. 218; 1 Maule & Selw. 338; 1 Campb. it. 492, n.; Sugd. Vend. 487, 488. It signifies the situation of a person who has done some notorious act to divest himself of all his property, as a general assignment, or an application for relief, under bankrupt or insolvent laws. 1 Peters' R. 195; 2 Wheat. R. 396; 7 Toull. n. 45; Domat, liv. 4, t. 5, n. 1 et 2; 2 Bell's Com. 162, 5th ed.
     2. When an insolvent delivers or offers to deliver up all his property for the benefit of his creditors, he is entitled to be discharged under the laws of the, several states from all liability to be arrested. Vide 2 Kent, Com. 321 Ingrah. on Insolv. 9; 9 Mass. R. 431; 16 Mass. R. 53.
     3. The reader will find the provisions made by the national legislature on this subject, by a reference to the following acts of congress, namely: Act of March 3, 1797, 1 Story, L. U. S. 465; Act of March 2, 1799; 1 Story, L. S. 630; Act of March 2, 1831, 4 Sharsw. Cont. of Story, L. U. S. 2236; Act of June 7, 1834, 4 Sharsw. Cont. of Story, L. U. S. 2358; Act of March 2, 1837, 4 Sharsw. Cont. of Story, L. U. S. 2536. See Bankrupt.

bankrupt, broke, broken, busted, destitute, down-and-out, failed, failure, fortuneless, homeless, impoverished, in Queer Street, in receivership, in the gutter, in the red, indebted, insolvent debtor, lame duck, landless, moneyless, on the rocks, out of funds, penniless, propertyless, ruined, unsound, wiped out, without a sou
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Insociably
Insociate
insofar
Insolate
Insolation
Insole
Insolence
Insolency
Insolent
Insolently
Insolidity
Insolubility
Insoluble
Insolubleness
Insolvable
Insolvency
-- Insolvent --
Insolvent law
Insomnia
insomniac
Insomnious
Insomnolence
Insomuch
Insonorous
Insooth
Insouciance
Insouciant
Insoul
Inspan
Inspect
Inspection
inspection and repair
Inspective
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