Insolvent

C1 16+

Pronunciation: /ɪnˈsɑlvənt/

Definitions of insolvent

noun a person or organization that is insolvent

Example Sentences

A1 An insolvent person is someone who cannot pay their debts.

A2 The company declared itself insolvent and filed for bankruptcy.

B1 Creditors may take legal action against an insolvent business.

B2 The court appointed a trustee to oversee the assets of the insolvent estate.

C1 The government implemented new regulations to prevent insolvent banks from collapsing.

C2 The complex financial structure of the insolvent conglomerate required expert analysis.

adjective having insufficient assets to cover debts or liabilities; bankrupt

Example Sentences

A1 The company became insolvent and had to close down.

A2 After losing his job, he struggled to pay his bills and became insolvent.

B1 The government provided financial assistance to prevent the company from becoming insolvent.

B2 Despite efforts to restructure, the company remained insolvent and had to declare bankruptcy.

C1 The expert financial advisor was brought in to assess the company's insolvent situation and recommend a solution.

C2 The CEO's risky investments led the company to become insolvent, causing widespread financial repercussions.

Examples of insolvent in a Sentence

formal The company declared itself insolvent and filed for bankruptcy.

informal I heard that John's business is insolvent and he's in financial trouble.

slang She's completely broke, basically insolvent.

figurative His spirit felt insolvent after the devastating loss.

Grammatical Forms of insolvent

past tense

became insolvent

plural

insolvents

comparative

more insolvent

superlative

most insolvent

present tense

is insolvent

future tense

will be insolvent

perfect tense

has become insolvent

continuous tense

is being insolvent

singular

insolvent

positive degree

insolvent

infinitive

to become insolvent

gerund

insolvency

participle

insolvent

Origin and Evolution of insolvent

First Known Use: 1601 year
Language of Origin: Latin
Story behind the word: The word 'insolvent' originated from the Latin word 'insolvens', which is derived from the prefix 'in-' meaning 'not' and 'solvēre' meaning 'to loosen or release'.
Evolution of the word: Initially used in the 17th century to describe a person or entity unable to pay debts or meet financial obligations, the word 'insolvent' has evolved to encompass a broader range of financial difficulties and legal implications in modern usage.