Insolvent ( adjective , noun )

(As an adjective)

Insolvent ( adjective )

Unable to pay debts as they fall due.

Origin:

From latin insolventem (nominative insolvens) "not paying, not fulfilling obligations", present participle of insolvere "to pay up, to discharge", from in- "not" + solvere "to pay, to loosen".

Examples:

1. The company was declared insolvent and its assets were liquidated.
2. He was declared insolvent by the court and was forced to give up all of his property.
3. The economic crisis has forced many businesses to become insolvent.
4. Due to his excessive spending, he became insolvent and was unable to pay his bills.
5. The government's financial policies have left many citizens insolvent and unable to make ends meet.

(As a noun)

Insolvent ( noun )

Unable to pay debts as they fall due.

Origin:

From latin insolventem (nominative insolvens) "not paying, not fulfilling obligations", present participle of insolvere "to pay up, to discharge", from in- "not" + solvere "to pay, to loosen".

Examples:

1. The company was declared insolvent and its assets were liquidated.
2. He was declared insolvent by the court and was forced to give up all of his property.
3. The economic crisis has forced many businesses to become insolvent.
4. Due to his excessive spending, he became insolvent and was unable to pay his bills.
5. The government's financial policies have left many citizens insolvent and unable to make ends meet.