insolvent

Meanings

• adjective

  Unable to pay debts or other financial obligations.

  - "The company was declared insolvent and had to file for bankruptcy."
  - "Despite his best efforts, John remained insolvent and could not pay his bills."

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Antonyms

solvent

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Rhymes

Words rhyming with insolvent
solvent , dissent , resident , ment , present

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Variants

List of all variants of insolvent that leads to same result
insolvent , insolvents

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'insolvabilis', meaning unable to pay.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Insolvency is not the same as bankruptcy. Insolvency is a state of being unable to pay debts, while bankruptcy is the legal process of dealing with that insolvency.

2. The first recorded use of the term 'insolvency' in English was in 1536.

3. Insolvency can also refer to a situation where an individual or business is unable to pay taxes.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Bankruptcy: A legal process where an individual or business is unable to repay debts and must sell off assets to pay creditors.

2. Debt: An obligation to pay a specified amount over a period of time or on demand.

3. Insolvency Law: A set of laws and regulations governing the process of insolvency and bankruptcy.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Insolvency is a significant concept in finance and economics, often leading to bankruptcy and restructuring. It has been a common theme in literature and art, particularly in the context of business and personal finance.

How to Memorize "insolvent"

1. visualize
   

   - Imagine a person or business drowning in debt, unable to pay their bills and facing the possibility of bankruptcy.

2. associate
   

   - Associate the word 'insolvent' with the concept of being unable to pay debts and being in financial trouble.

3. mnemonics
   

   - Use the mnemonic 'Insolvent Is Owe Lots, Very Excessively' to help remember the definition of the word.

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