adjective
- not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
- pertaining to bankrupt persons or bankruptcy.
noun
- a person who is insolvent.
adjective
- (of a person, company, etc) having insufficient assets to meet debts and liabilities; bankrupt
- of or relating to bankrupts or bankruptcy
noun
- a person who is insolvent; bankrupt
1590s, “unable to pay one’s debts,” from in- (1) “not” + Latin solventem “paying” (see solvent). Originally of one who was not a trader; only traders could become bankrupt.