insolventin‧sol‧vent /ɪnˈsɒlvənt $ ɪnˈsɑːl-/ adjective 
The company was later declared insolvent (=officially said to be insolvent).—insolvency noun [countable, uncountable]
EXAMPLES FROM OTHER DICTIONARIES
- insolvent businesses
- A spokesman denied the bank was insolvent, but depositors are rushing to withdraw their money.
- He withdrew saving from a major bank just two days before it was declared insolvent.
- The bank could even be rendered insolvent by such a large payment.
- The company auditor has filed a warning that Eurotunnel is in danger of becoming insolvent.
- The court ordered the dissolution of seven insolvent housing loan companies.
- Half of our projects were insolvent.
- Officials estimate the Medicare fund will be insolvent by 2002.
- Regional banks founded Chigin Seiho Jutaku Loan, one of the seven insolvent housing lenders.
- State banks are virtually insolvent due to politically-directed lending.
- Woosung Construction went insolvent yesterday when it failed to honor 16. 9 billion worth of promissory notes the previous day.
THESAURUS
without any money and unable to pay your debts – used about a person or business that has to officially admit this and stop trading permanently: · Many small businesses will go bankrupt unless interest rates fall.· He was declared bankrupt in the High Court yesterday.
to have difficulty paying your bills and debts, often so that you are in danger of becoming bankrupt – used about people and businesses: · The firm has been in financial difficulties for some time.· He was in financial difficulties and knew that he would have to sell his home.
informal to become bankrupt and have to stop operating – used about a business: · The supermarket isn’t there anymore – it went bust ages ago.· During the last recession, dozens of businesses were going under every day.
formal bankrupt – used about people and businesses: · The bank was declared insolvent.· Directors of insolvent companies often ignore demands for payment.· Individuals becoming insolvent also jumped 9% to 9,470 in the third quarter.
Longman Language Activatorwhen a person or company has no money a company or person that is bankrupt does not have enough money to pay their debts, and so they have to stop doing business: · Five years ago she was a successful actress, but now she is bankrupt.· He lent him several thousand dollars to help rescue his bankrupt textile business.go bankrupt (=become bankrupt): · Many small businesses will go bankrupt unless interest rates fall.declare somebody bankrupt (=say officially that they are bankrupt): · He was declared bankrupt in the High Court yesterday.
a company or business person that is insolvent has lost all their money: · A spokesman denied the bank was insolvent, but depositors are rushing to withdraw their money.· The court ordered the dissolution of seven insolvent housing loan companies.become insolvent: · The company auditor has filed a warning that Eurotunnel is in danger of becoming insolvent.declare somebody insolvent (=say officially that they are insolvent): · He withdrew savings from a major bank just two days before it was declared insolvent.render somebody insolvent (=make someone insolvent): · The bank could even be rendered insolvent by such a large payment.
informal to no longer have enough money to pay your debts, so that you have to stop doing business: · The supermarket isn't there any more. They went bust ages ago.· About 60,000 business go bust each year in the United States.
if something ruins someone, it makes them lose all their money and property after working very hard for it, and they have to stop doing business: · Many firms have been ruined by hasty decisions.· The incident has all but ruined her financially.· She is still angry with the suppliers, who she says ruined her by failing to deliver on time.
WORD SETSabsolute advantage, aggregate demand, AGM, nounagribusiness, nounairline, nounappurtenance, nounassessment, nounbad debt, nounbalance sheet, nounbankroll, verbbankrupt, adjectivebankrupt, verbbankrupt, nounbankruptcy, nounbargain, verbbargain basement, nounbaron, nounbill of sale, nounbiz, nounblack market, nounblack marketeer, nounboom, nounboom and bust, nounboom town, nounbrown goods, nounbubble, nounbudget surplus, business card, nounbusiness cycle, business hours, nounbuyout, nouncapital, nouncapital-intensive, adjectivechamber of commerce, nounclerical, adjectiveconsumer, nounconsumer goods, noundisposable income, noundownturn, noundrive-through, nouneconomically, adverbfinancial, adjectiveflat, adjectivefree enterprise, noungiveaway, adjectiveincrement, nounindustry, nouninflate, verbinflated, adjectiveinflation, nouninflationary, adjectiveinsolvent, adjectiveinstitution, nouninterest, nounintroduction, nounlivery, nounlow season, nounlucrative, adjectiveMBA, nounmemo, nounmentoring, nounnegotiable, adjectivenegotiate, verbnegotiation, nounnon-profit, adjectiveopen, verboperational research, nounowner-occupied, adjectivepack, nounpackage, nounpaperwork, nounpatron, nounpatronage, nounpatronize, verbpay, verbpcm, peppercorn rent, nounpersonal assistant, nounplanned obsolescence, nounpp., quarter, nounquarter day, nounquota, nounquote, verbready-made, adjectivereal estate, nounrebate, nounredeem, verbredevelop, verbrefund, nounrent, nounshutdown, nounsliding scale, nounsubcontract, verbsubcontractor, nountariff, nounundercut, verbundersubscribed, adjective
COLLOCATIONS FROM THE ENTRY The company was later declared insolvent (=officially said to be insolvent).
The company was later declared insolvent (=officially said to be insolvent).WORD FAMILYnounsolutionsolventsolubilityinsolvencyadjectivesoluble ≠ insolubleunsolvedsolvent ≠ insolventsolvable ≠ insolvableverbsolveadverbinsolvably
not having enough money to pay what you owe SYN bankrupt: The company was later declared insolvent (=officially said to be insolvent).—insolvency noun [countable, uncountable]