From Longman Dictionary of Contemporary EnglishRelated topics: Businessinsolventin‧sol‧vent /ɪnˈsɒlvənt $ ɪnˈsɑːl-/ adjectiveBMONEYnot having enough money to pay what you oweSYN bankruptThe company was later declared insolvent (=officially said to be insolvent). —insolvency noun [countable, uncountable]Examples from the Corpusinsolvent• He withdrewsaving from a majorbank just two days before it was declaredinsolvent.• The company auditor has filed a warning that Eurotunnel is in danger of becoming insolvent.• Half of our projects were insolvent.• insolvent businesses• A spokesmandenied the bank was insolvent, but depositors are rushing to withdraw their money.• Officialsestimate the Medicarefund will be insolvent by 2002.• The bank could even be renderedinsolvent by such a large payment.• State banks are virtually insolventdue to politically-directed lending.• Regional banks founded Chigin Seiho Jutaku Loan, one of the seven insolvent housing lenders.• The court ordered the dissolution of seven insolvent housing loan companies.• Woosung Construction went insolventyesterday when it failed to honor 16. 9 billion worth of promissory notes the previous day.From Longman Business Dictionaryinsolventin‧sol‧vent /ɪnˈsɒlvəntɪnˈsɑːl-/ adjectiveACCOUNTINGLAWa person or company that is insolvent does not have enough money or ASSETs to pay their debtsThe company has now been declared insolvent.The bank could be rendered insolvent by such a large payment.