insolvent
UK /ɪnˈsɒlv.ənt/ US /ɪnˈsɑːɫv.ənt/
adj 3noun 1
Definitions
adj
1
Unable to pay one's bills as they fall due.
an insolvent debtor
Pathfinder is keen to stress it is not insolvent, but owner Barry Cordell, who is in his late 80s, has decided he can no longer bankroll the company.
2
Owing more than one has in assets.
3
Not sufficient to pay all the debts of the owner.
an insolvent estate
noun
1
One who is insolvent; an insolvent debtor.
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