What is a person who has no money to pay off his debts one word?
Asked by: Mr. Deon Buckridge | Last update: August 12, 2025Score: 4.6/5 (50 votes)
What do you call a person who has no money to pay off his debts?
The one who is unable to pay one's debt is bankrupt or insolvent. (
What is a person unable to pay their debts called?
Bankrupt is used for a person who is unable to repay his/her debts. We observe that the meaning of bankrupt matches the description in the given sentence.
What do we call a person who can not repay debts?
Insolvent is a person who has no money to pay off his debts.
What is the word for not paying debt?
nonpaying (adjective as in in the red) Weak matches. at a loss bankrupt behindhand defaulting delinquent in arrears in debt in dire straits in hock in the hole insolvent losing money to the bad unprofitably.
"I had a DEBT of $800,000 Dollars" How to Pay off your Debts | Robert Kiyosaki
What is a person who is unable to repay a debt?
When a person cannot repay a loan or the money that he has borrowed, he is said to be a 'bankrupt'. Thus option A is the correct answer. 'A person who is unable to pay his/her debt is called a 'bankrupt.
What is another word for deadbeat?
Recent Examples of Synonyms for deadbeat. slug. drone. snail. bum.
What is the inability to pay all debts called?
insolvency. Generally speaking, insolvency refers to situations where a debtor cannot pay the debts they owe. For instance, a troubled company may become insolvent when it is unable to repay its creditors money owed on time, often leading to a bankruptcy filing.
What is a debt person called?
What Is a Debtor? A debtor is a company or individual who owes money. The debtor is referred to as a borrower when the debt is in the form of a loan from a financial institution and as an issuer if the debt is in the form of securities such as bonds.
What is a synonym for repay debt?
How is the word repay distinct from other similar verbs? Some common synonyms of repay are compensate, indemnify, pay, recompense, reimburse, remunerate, and satisfy. While all these words mean "to give money or its equivalent in return for something," repay stresses paying back an equivalent in kind or amount.
What is the inability to pay debts?
(2) A Company is also deemed unable to pay its debts if it is proved to the satisfaction of the Court that the value of the Company's current assets is less than the amount of its current liabilities, taking into account its contingent and prospective liabilities.
What is the inability to pay off debt?
Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts. A hardship default is a failure to make a scheduled payment on a debt due to a financial setback. Debt relief involves the reorganization of a borrower's debts to make them easier to repay.
What is the word for unable to pay debts?
“Insolvent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/insolvent.
What do you call something that never dies?
Immortal comes from the Old French word immortalité, meaning "deathlessness." Definitions of immortal. adjective.
Is when a person or organization is unable to pay their debts?
Insolvency is when an individual or company can no longer meet their financial obligations to lenders as debts become due. Before an insolvent company or person gets involved in insolvency proceedings, they may be involved in informal arrangements with creditors, such as setting up alternative payment arrangements.
What is the word for someone with debt?
The word you're looking for is debtor.
What is a person who has no money to pay his debt called?
A person who is not in a position to pay his debt is known as insolvent.
What is paying off a debt called?
Amortization: Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.
What is slang for someone in debt?
In debt. Also, “in the hole” and “in hock.” Red ink all around. Maxed out. When a credit card is at or over its credit limit.
What do you call someone who doesn't pay their debts?
Bankrupt – a person is bankrupt when they can't pay their debts and aren't able to reach an agreement with their creditors.
Who is unable to pay his debts one word substitution?
Insolvent- unable to pay debts owed.
What is a person unable to repay his or her debt?
Bankruptcy. Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
What's another word for someone with no money?
You can also say that someone is penniless. This is slightly more formal than poor. At the time, I was a penniless student. The word impoverished can be used to describe a person or area that is extremely poor.
What's another word for freeloader?
Synonyms for freeloader that are even more informal include sponger and moocher, or its short form, mooch. (See the next section for more on the difference between freeloader and moocher.) Synonyms that are even more negative are leech and parasite.
What is a word for no balance?
“Unbalance.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/unbalance.