What is another word for insolvent?

Pronunciation: [ɪnsˈɒlvənt] (IPA)

Insolvent refers to a state of financial ruin or bankruptcy. There are several synonyms for the word, including destitute, bankrupt, broke, penniless, and impoverished. Other synonyms include financially distressed, ruined, unable to pay debts, and without means. The term "Insolvency" is defined as a situation where an individual or business institution has more debts than assets or is unable to pay its obligations. Its synonyms also include "bankruptcy", "financial failure", "liquidation", and "failure" among others. The use of these synonyms helps to convey the same message of financial instability or bankruptcy in different contexts and situations.

Synonyms for Insolvent:

What are the paraphrases for Insolvent?

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What are the hypernyms for Insolvent?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for insolvent?

Insolvent refers to a person or company that is unable to pay their debts. Antonyms for the word insolvent include words like solvent, wealthy, prosperous, affluent, successful, thriving, and financially stable. Solvent signifies having enough resources to pay debts and expenses. Wealthy refers to a state of abundance in assets or resources. Prosperous identifies a person or company that is successful in business and enjoying good fortune. Affluent implies a lavish lifestyle with excessive wealth. Successful refers to an individual or company that has achieved financial security. Thriving connotes a strong and growing financial outlook. Finally, financially stable indicates a secure financial situation.

Usage examples for Insolvent

The Bank of the United States afterwards was turned into the State Bank of Pennsylvania; it was badly managed and finally became insolvent.
"Thomas Hart Benton"
Theodore Roosevelt
He then tore the resolution to shreds, showing that it would be of especial benefit to the insolvent and unsound banks, and would insure a repetition of the worst evils under which the country was already suffering.
"Thomas Hart Benton"
Theodore Roosevelt
We are invited to occupy ourselves only with spiritual cash, because the universe is spiritually insolvent.
"The Approach to Philosophy"
Ralph Barton Perry

Famous quotes with Insolvent

  • ..personal credit was guaranteed in the most summary and extravagant fashion; for the law entitled the creditor to treat his insolvent debtor like a thief, and granted to him in sober earnest by legislative enactment what Shylock, half in jest, stipulated for from his mortal enemy, guarding indeed by special clauses the point as to cutting off too much more carefully than did the Jew.
    Theodor Mommsen
  • Caesar did not confine himself to helping the debtor for the moment; he did what as legislator he could, permanently to keep down the fearful omnipotence of capital. First of all the great legal maxim was proclaimed, that freedom is not a possession commensurable with property, but an eternal right of man, of which the state is entitled judicially to deprive the criminal alone, not the debtor. It was Caesar, who, perhaps stimulated in this case also by the more humane Egyptian and Greek legislation, especially that of Solon,(68) introduced this principle--diametrically opposed to the maxims of the earlier ordinances as to bankruptcy-- into the common law, where it has since retained its place undisputed. According to Roman law the debtor unable to pay became the serf of his creditor.(69) The Poetelian law no doubt had allowed a debtor, who had become unable to pay only through temporary embarrassments, not through genuine insolvency, to save his personal freedom by the cession of his property;(70) nevertheless for the really insolvent that principle of law, though doubtless modified in secondary points, had been in substance retained unaltered for five hundred years; a direct recourse to the debtor's estate only occurred exceptionally, when the debtor had died or had forfeited his burgess-rights or could not be found. It was Caesar who first gave an insolvent the right--on which our modern bankruptcy regulations are based-- of formally ceding his estate to his creditors, whether it might suffice to satisfy them or not, so as to save at all events his personal freedom although with diminished honorary and political rights, and to begin a new financial existence, in which he could only be sued on account of claims proceeding from the earlier period and not protected in the liquidation, if he could pay them without renewed financial ruin.
    Theodor Mommsen

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