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.: --
The bank was technically insolvent - it listed assets of $16.5 million and liabilities of $18.5 million.
Currently, companies must be insolvent in order to go into administration.
be/become/be declared insolvent This May the firm was declared insolvent and its operations were shut down.
One dimension of 'liquidation' is whether the government provides implicit guarantees to bail out shareholders of insolvent enterprises and banks.
Hence, there may be some positive value to equity at an insolvent firm-although it is likely to be low.
Private amortization companies were also established in several cities to facilitate installment plans for insolvent wage earners.
The fear is that the longer-living early retirees will make social insurance insolvent.
The peak was reached in 1841, when 26 farmers were declared insolvent.
In low-productivity lots, insolvent farmers bound by debt and low yields accept debt-peonage situations.
A banking crisis occurs when a large number of banks fails to meet regulatory capital requirements, is illiquid, or is insolvent.
In both, large dismissals are often covered by wage guarantee funds, the explicit role of which is to finance severance pay at insolvent firms.
