In*sol"vent (?), a. [Pref. in- not + solvent: cf. OF. insolvent.] Law (a)
Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor.
(b)
Not sufficient to pay all the debts of the owner; as, an insolvent estate.
(c)
Relating to persons unable to pay their debts.
Insolvent law, ∨ Act of insolvency, a law affording relief, -- subject to various modifications in different States, -- to insolvent debtors, upon their delivering up their property for the benefit of their creditors. See Bankrupt law, under Bankrupt, a.
© Webster 1913.
In*sol"vent, n. Law
One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
Bouvier.
© Webster 1913.