(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.
(a.) Not sufficient to pay all the debts of the owner; as, an insolvent estate.
(a.) Relating to persons unable to pay their debts.
(n.) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders.
Example Sentences:
(1) The GMB union said that there was a risk that vulnerable people could be made homeless, but in the event of insolvency, Southern Cross's 31,000 homes would be run by local authorities or landlords on behalf of an administrator.
(2) Slowing growth, financial fragility, governments teetering on the brink of insolvency and default, and clear signs of a public backlash against the excesses of the rich and powerful: all have created a sombre backdrop to the invitation-only affair.
(3) The boys attempted to solve two different sets of 10 find-a-word puzzles, one set following exposure to solvable puzzles, and one set following exposure to insolvable puzzles.
(4) The number of people in England and Wales entering insolvency fell in the first three months of 2012, but debt charities warned the figures represented "the tip of the iceberg" of the UK's debt problems.
(5) But the insolvency profession trade body, R3, blamed the Insolvency Service for not providing clear guidelines on how to complete the SIP 16 forms and said the changes could drive up costs.
(6) Six months later, Greece is in effect insolvent, on the brink of the common currency's first case of sovereign debt default unless it is bailed out.
(7) At that point the Bank regarded the problem as one of liquidity – a lack of cash flow – rather than the risk of insolvency.
(8) "When the economy finally does improve, the number of corporate insolvencies will continue to rise, even if at a slower rate, due to a lag effect.
(9) As a result, and regardless of how the charity is established, trustees can attract personal liability for the debts or losses of the charity where that charity finds itself in an insolvent situation.
(10) • IVAs can only be drawn up and presented to creditors by a licensed insolvency practitioner.
(11) We examined the effects of methylphenidate on the task persistence of 21 boys with attention-deficit hyperactivity disorder (ADHD), after they had been exposed to both solvable and insolvable problems.
(12) She said the company's directors could not be held liable as they step aside during the insolvency process.
(13) A charity will be considered to be insolvent when it is unable to pay its debts as they fall due.
(14) The chancellor, Alistair Darling, told MPs yesterday that the ailing mutual, the UK's 12th largest, was close to insolvency.
(15) The onerous terms of the deeply unpopular “memoranda”, agreed with foreign lenders to keep insolvent Greece afloat, would be overturned.
(16) If a bank becomes insolvent the Financial Services Compensation Scheme (FSCS) steps in.
(17) An insolvency specialist today warned of a "deluge" of business failures next year, saying the UK is in the mid-point of a W-shaped recession.
(18) Merkel has become increasingly isolated in the last fortnight over Germany's insistence that Greece's private creditors – the banks, pension funds and insurance companies holding much of the insolvent country's €340bn of debt – have to take "haircuts" or sizeable losses on their investments as part of this second deal to rescue Greece.
(19) SWANSEA CITY Accounts for the year to 31 May 2014 Ownership Martin Morgan, 23.7%; Brian Katzen, 21.1%; Swansea City Supporters Society Limited (supporters trust) 21.1%; chairman Huw Jenkins 13.2%; Robert Davies 10.5% Turnover 13th highest, £99m (up from £67m in 2013) Match income £9m Media £81m Commercial and other £9m Wage bill Joint 14th highest, £63m (up from £49m in 2013) Wages as proportion of turnover 64% Profit before tax £1m (down from £21m in 2013) Net debt Nil; £2m cash in the bank Interest payable £0.015m Highest-paid director Huw Jenkins, £550,000 State they’re in The Swans’ epic paddle from bottom division and insolvency to Premier League and new stadium owned by a consortium of fan-businessmen, including 20% held by the supporters trust, was committed to documentary with A Jack to a King.
(20) The engineering company UGL agreed to pay Leung £4m in relation to its acquisition of DTZ Holdings, an insolvent property services firm that had employed Leung as its Asia Pacific director before he took office, Melbourne-based The Age reported on Wednesday .
Penury
Definition:
(n.) Absence of resources; want; privation; indigence; extreme poverty; destitution.
(n.) Penuriousness; miserliness.
Example Sentences:
(1) But this is how we live even before we are forced, through penury to claim: fine dining on stewed leftovers, nursing our one drink on those rare social events, cutting our own hair, patchwork-darned clothes and leaky shoes.
(2) On the one hand, he genuinely sees himself as the great liberator of the poor, the man who wept at Britain’s modern-day penury on Glasgow’s Easterhouse estate; on the other, he is the champion of policies that have driven some of the poorest people in society into despair.
(3) Then we sit back and marvel that 3.6m households are "one push from penury ", not because of unemployment, but because wages are too low.
(4) The British Red Cross charity said such individuals should be allowed temporary leave to remain and work if they meet Home Office requirements , sparing people from years living in penury.
(5) That’s because, just as the earlier bailouts went to the banks not the country , and troika-imposed austerity has brought penury and a debt explosion, these demands are really about power, not money.
(6) And then, finally, laid low by strokes, penury, depression and ill health, Biggs back in Britain.
(7) In Cyprus , now poised to become one of the biggest experiments in global financial history, people know that penury is just around the corner.
(8) A recession may actually appear to rescue poor people from penury, simply by dragging down the benchmark of typical pay.
(9) Our landlord could double the rent tomorrow, one of us could be summoned to work in Stockholm or Scotland or Stockport, or we might find ourselves in financial penury.
(10) There are relatively few signs of the aching poverty that afflicts other parts of Latin America, though a developing world debt crisis drove many to penury at the beginning of this century.
(11) They bid for the World Cup knowing how workers are treated in their country – workers are dying, suffering injury, mental tortureand penury while waiting for the "catalyst" to change their miserable reality.
(12) "These policies will bring penury to Greeks for generations to come.
(13) This is the Tories' brave new world, "compassionate" in giving, "conservative" in lowering taxes, a system that failed miserably in the past and will surely condemn millions to penury in the future.
(14) The Rev Dr John Jegasothy, a former Tamil refugee and now an Australian citizen, says life on a bridging visa is enforced penury and a poverty made worse because of its interminable nature.
(15) There is charity, and sometimes state and local relief, but many a chronic health condition goes untreated, and penury abounds .
(16) The relations between landlord and tenant were circumscribed by the indebtedness of the former and the penury of the latter.
(17) At the age of 40 he began to write seriously, living in near-penury for years while sustaining an eccentric lifestyle, wearing silver spectacles and glycerine gloves (in bed), while writing with a "magic" glass egg on his desk, and chain-smoking like a devil.
(18) They would say that Miliband is taking the party back to the left and the bad old days of inefficiency, trade union power and frequent strikes, that he doesn't like or understand business, and that Britain would slide from prosperity to penury.
(19) It was also on the road to penury, thanks to Mutharika’s increasingly eccentric economic policies and his alienation of the foreign donors upon which Malawi relies .
(20) Its single currency has brought penury to half a continent.