English Dictionary: insolvent | by the DICT Development Group |
3 results for insolvent | |
From WordNet (r) 3.0 (2006) [wn]: | |
From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
Insolvent \In*sol"vent\, n. (Law) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders. --Bouvier. | |
From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
Insolvent \In*sol"vent\, a. [Pref. in- not + solvent: cf. OF. insolvent.] (Law) (a) 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. (b) Not sufficient to pay all the debts of the owner; as, an insolvent estate. (c) Relating to persons unable to pay their debts. {Insolvent law}, [or] {Act of insolvency}, 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. See {Bankrupt law}, under {Bankrupt}, a. |