0 (especially of a company) not having enough money to pay debts, buy goods, etc.
1 (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.
2 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.
Indeed, much of the evidence for the mechanization of wheat farms was obtained from the inventories of insolvent estates.
Declaring insolvency power: whether supervisory authorities have the power to declare a deeply troubled bank insolvent.
A few farmers who went insolvent in the years immediately after emancipation claimed that the high price of labour was directly responsible.
Consider, for instance, the power of regulators to take prompt action to restructure a troubled bank or declare it insolvent.
Reforming insolvent government banks has proved to be very difficult.
After going insolvent in 1826, he had to sell most of his goods (worth £23 2s 9d) and sought work as a gaoler with some success.
If the indebted enter prises turn insolvent, then the government becomes liable for their loans without having made appropriate provisions.
In both, large dismissals are often covered by wage guarantee funds, the explicit role of which is to finance severance pay at insolvent firms.
