Meaning of “insolvent” in the English Dictionary

"insolvent" in British English

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insolventadjective

uk /ɪnˈsɒl.vənt/ us /ɪnˈsɑːl.vənt/ specialized

(especially of a company) not having enough money to pay debts, buy goods, etc.

insolvency
noun [ U ] uk /ɪnˈsɒl.vən.si/ us /ɪnˈsɑːl.vən.si/

(Definition of “insolvent” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"insolvent" in American English

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insolventadjective

us /ɪnˈsɑl·vənt, -ˈsɔl-/

(esp. of a company) unable to pay what you owe because you do not have enough money:

When it discovered the loans could not be repaid, the bank became insolvent.

(Definition of “insolvent” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"insolvent" in Business English

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insolventadjective

uk /ɪnˈsɒlvənt/ us /-ˈsɑːl-/

FINANCE, ACCOUNTING, LAW not having enough money to pay debts, buy goods, etc.:

be/become/be declared insolvent This May the firm was declared insolvent and its operations were shut down.
Currently, companies must be insolvent in order to go into administration.
The bank was technically insolvent - it listed assets of $16.5 million and liabilities of $18.5 million.

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(Definition of “insolvent” from the Cambridge Business English Dictionary © Cambridge University Press)