insolvent


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Related to insolvent: IPO

insolvent

(of a person, company, etc.) having insufficient assets to meet debts and liabilities; bankrupt
References in classic literature ?
Ogg's, and men who busied themselves with political questions were regarded with some suspicion, as dangerous characters; they were usually persons who had little or no business of their own to manage, or, if they had, were likely enough to become insolvent.
Estate--The assets, liabilities and operations of an insolvent insurance carrier that has been placed into liquidation.
If the plan had failed, Lloyd's said it would have become insolvent.
A debtor is insolvent to the extent his liabilities exceed the FMV of his assets.
When the Federal Reserve extends credit to troubled institutions, we do so only when the primary regulator has not determined that the institution is capital insolvent.
By the late 1970s, much of the thrift industry was insolvent, though its books didn't show it.
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation.
Summary: New Delhi [India], September 4 (ANI): The Supreme Court on Monday stayed the Allahabad NCLT (National Company Law Tribunal) order declaring Jaypee Infratech as insolvent.
THE number of people going insolvent between April and June has eased back from record highs last year, official figures show.
The Court reconfirmed the proper exercise of banking supervision by the National Bank of Ukraine over the resolution of insolvent banks.
This study addresses the fiscal framework of insolvent companies regarding the Portuguese tax on revenue of legal entities (IRC), in a reality encircled by companies established or effectively managed in the Portuguese territory.
THE rate of people going insolvent across England and Wales is at its lowest level in a decade, according to offi-cial figures.