[1] : The Collaborative International Dictionary of English v.0.48

insolvent \insol"vent\, a. pref. in- not + solvent: cf. of.
   insolvent. law
      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.
      b not sufficient to pay all the debts of the owner; as,
          an insolvent estate.
      c relating to persons unable to pay their debts.
          1913 webster

   insolvent law, or act of insolvency, a law affording
      relief, -- subject to various modifications in different
      states, -- to insolvent debtors, upon their delivering up
      their property for the benefit of their creditors;
      bankruptcy law. see bankrupt law, under bankrupt, a.
      1913 webster
see also:
insolvent law act of insolvency bankrupt law bankrupt 

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