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It means that it has not enough funds or it is bankrupt.

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11y ago

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What sentence using word insolvent?

A bank that can not pay its account holders when they request payment is insolvent.


Can minor be declared insolvent?

can minor be insolvent


How can one contact the Intercontinental Bank?

The Intercontinental Bank used to be a commercial bank in Nigeria. After the debt crisis in that country, it was acquired by Access Bank. However, Access Bank sold off that part of their bank in 2012 and later Intercontinental became insolvent and was closed.


What does declared insolvent mean?

Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.


What causes a bank run to occur?

A bank run occurs when a large number of customers withdraw from a financial institution at once due to the fact that said customers believe the bank or financial institution will soon become insolvent.


What does the term 'corporate bankruptcy filing' mean?

Corporate Bankruptcy Filing is the name given to the process when a business becomes insolvent and unable to meet their debt commitments. This is in contrast to personal bankruptcy where an individual becomes insolvent.


what disadvantage of buying insolvent estates?

An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.


What do the Federal Deposit Insurance Corporation do?

The FDIC is a quasi-government entity that insures bank deposits. There exists a maximum to which deposits are insured, and the "coverage" is triggered when a bank becomes insolvent. It is not an insurance company in the common sense of that term.


What does blacklist mean?

its a official or private list of fraudulent or insolvent people. Its a list of convicted, suspected or discredited persons


Meaning of deposit insurance?

Insurance by our government that will guarantee your cash (deposits) up to a limit if the bank becomes insolvent. I believe the limit is now $250,000 per depositor.


What is noun of insolvent?

Insolvency


What does being blacklisted mean?

its a official or private list of fraudulent or insolvent people. Its a list of convicted, suspected or discredited persons