Insolvent - Unable to pay debts. Financially ruined
(Pronounced in-sol-vuhnt)
To remember the definition of the word insolvent, use the following mnemonic:
The insoles had vents (insolvent) and you could tell they were ruined. She was unable to afford new ones.
Examples of Insolvent in a sentence
His enterprises were unsuccessful; in 1761 he became insolvent, and the Society refused to be responsible for his debts.
Insolvent traders could be banned because of their liabilities.
They lost orders and were insolvent within weeks.
