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.

Being insolvent isn't just about being poor. A person or business that's insolvent has no resources, no assets and no way to pay any of the bills. This adjective insolvent is a synonym for bankrupt, and surely the last thing anyone wants to be. The only way to solve the problem of insolvency? Start saving your pennies again from scratch.

Definitions of insolvent
  1. adjective
    unable to meet or discharge financial obligations
    “an insolvent person”
    “an insolvent estate”
    bankrupt, belly-up
    financially ruined
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    capable of meeting financial obligations
  2. noun
    someone who has insufficient assets to cover their debts
    synonyms: bankrupt
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    type of:
    failure, loser, nonstarter, unsuccessful person
    a person with a record of failing; someone who loses consistently
Word Family