Piggy bank empty? Nothing but lint in your pockets? Then you're probably unable to meet any financial obligations. In other words, you are insolvent.
Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business;
Noun
someone who has insufficient assets to cover their debts
Adjective
unable to meet or discharge financial obligations; "an insolvent person"; "an insolvent estate"
a.
Not solvent; not having sufficient estate to pay one's
debts; unable to pay one's debts as they fall due, in the ordinary
course of trade and business; as, in insolvent debtor.
a.
Not sufficient to pay all the debts of the owner; as, an
insolvent estate.
a.
Relating to persons unable to pay their debts.
n.
One who is insolvent; as insolvent debtor; -- in
England, before 1861, especially applied to persons not traders.
Insolvent
Insolvent
Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business;
One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
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