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INSOLVENT

/ɪnˈsɒl vənt/

adjective

  • A person or company becomes insolvent if they are unable to pay their debts when they are due to be paid.
Example Sentences:Probably 90% of the adult population in this country are insolvent in real terms due mainly to mortgage debts.
After the loss of several major contracts, the company has become insolvent.
 
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