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Insolvent   /ɪnsˈɑlvənt/   Listen
adjective
Insolvent  adj.  (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; bankruptcy law. See Bankrupt law, under Bankrupt, a.



noun
Insolvent  n.  (Law) One who is insolvent; as insolvent debtor; in England, before 1861, especially applied to persons not traders.






Collaborative International Dictionary of English 0.48








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"Insolvent" Quotes from Famous Books



... the dungeon chained," and "Lives crushed out by secret, barbarous ways, that for their country would have toiled and bled." One of Britain's authors was moved to indite: "No modern nation has ever enacted or inflicted greater legal severities upon insolvent debtors ...
— An Historical Account of the Settlements of Scotch Highlanders in America • J. P. MacLean

... one worthy act;—setting fire to its old home and self; and going up in flames and volcanic explosions, in a truly memorable and important manner. A very fit termination, as I thankfully feel, for such a Century. Century spendthrift, fraudulent-bankrupt; gone at length utterly insolvent, without real MONEY of performance in its pocket, and the shops declining to take hypocrisies and speciosities any farther:—what could the poor Century do, but at length admit, "Well, it is so. I am a swindler-century, and have long been,—having learned the trick of it from ...
— History Of Friedrich II. of Prussia, Vol. I. (of XXI.) - Frederick The Great--Birth And Parentage.--1712. • Thomas Carlyle

... who rather enjoys giving a little scandal at times to his drab-suited companion; but, on the whole, thinks that it would be an excellent world if the common people would adopt this harmless form of religion, which tolerates other opinions and does not give any leverage to kings, insolvent aristocrats, ...
— Hours in a Library - New Edition, with Additions. Vol. II (of 3) • Leslie Stephen

... the lawyers were enabled to save from the insolvent bank but a very scanty portion of that wealth in which Richard Templeton had rested so much of pride. The title extinct, the fortune gone—so does Fate laugh at our posthumous ambition! Meanwhile Mr. Douce, with considerable plunder, had made his way to America: the bank owed nearly half a ...
— Alice, or The Mysteries, Book XI • Edward Bulwer Lytton

... know of no stranger power than that by which men can ignore unwelcome questions; and I know of nothing more tragical than the fact that they choose to exercise the power. What would you think of a man who never took stock because he knew that he was insolvent, and yet did not want to know it? And what do you think of yourselves if, knowing that the thought of passing into that solemn eternity is anything but a cheering one, and that you have to pass thither, you never turn your head ...
— Expositions of Holy Scripture - Isaiah and Jeremiah • Alexander Maclaren


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