Insolvent
Legal definition for Indian law research
Definition
insolvent
1 : having ceased paying or unable to pay debts as they fall due in the usual course of business compare bankrupt
2 : having liabilities in excess of a reasonable market value of assets held
3 : insufficient to pay all debts [an estate]
insolvent n
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.