insolvent
B2CEFR level
38/100Rarity: fairly common
TechnicalRegister
Law adjective
Unable to pay debts as they fall due, or having liabilities that exceed assets.
Once it became insolvent, the directors' duties shifted to protecting creditors.
Business adjective
Unable to pay the debts one owes.
The retailer was declared insolvent in March.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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