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insolvent
(redirected from insolvents)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.06 sec.
Insolvent
A firm that is unable to pay debts (its liabilities exceed its assets).
insolvent
Unable to meet debts or discharge liabilities. Compare solvent.
insolvent
Describing a situation in which an individual or firm is unable to service its debts. This occurs when the individual or firm has a little or no cash flow, and may occur due to poor cash management. An insolvent individual or firm often declares bankruptcy, or it may arrive at an understanding with creditors in which it restructures payments.


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