Definition of insolvent

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TeachMeFinance.com - explain insolvent



insolvent -- the state of being unable to pay debts when demanded by creditors at maturity.

historic definition...

Insolvent -- The financial condition of one whose property is not sufficient to pay his debts.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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