The one who is unable to pay one's debt is bankrupt or insolvent. (
Debtors can also be someone who files a voluntary petition to declare bankruptcy. Debtors can't go to jail for unpaid consumer debts.
The adjective insolvent means "unable to pay one's debts," combining the roots in, "not," and solventem, "paying." Definitions of insolvency. noun. the lack of financial resources. solvency.
Option A - 'Bankrupt' means unable to pay what you owe. 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.
Informal. not paying one's debts or neglecting one's responsibilities: a deadbeat parent who won't pay for college; deadbeat borrowers.
Names or nicknames for a person who doesn't pay his bills: DEADBEAT.
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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.
deadbeat (noun as in freeloader) Strong matches. bum debtor leech loafer moocher parasite sponge.
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.
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.
Deadbeat specifically means someone who doesn't pay back money borrowed, or debts owed, ever. A deadbeat borrows, and betrays trust of family and friends. A moocher or a sponge or a freeloader or a scrounger have similar meanings to each other, but different than deadbeat.
“Broke" is the term used for people with no money, or one can also regard such people as penniless, but these are informal terms. When refering to people involved in business, one can use terms like insolvent or bankrupt, to suggest that they have no financial resources.
A person or firm whose liabilities exceed the value of owned assets is termed as insolvent. It is the inabilities of the company or person to pay liabilities as they become due.
Insolvency is a state of financial distress in which a person or business is unable to pay their debts.
Insolvent is a person who has no money to pay off his debts.
destitute impoverished indigent low meager needy penniless poverty-stricken underprivileged. Strong matches. bankrupt down-and-out flat insolvent scanty suffering.
complimentary, costless, free, gratis, gratuitous. costing nothing. non-paying. paying nothing. outstanding, owing, undischarged.
Arrears is a debt or payment that is not paid by the due date. It is another term for missed payments.
An inability to pay is when a patient has a financial barrier preventing them from making payment for services provided.
If you can't pay your debts, you may be considering bankruptcy, or an alternative to bankruptcy called a 'debt agreement'. These are formal legal options available under the Bankruptcy Act 1966. While these formal options may free you from debt, they will have serious long-term consequences.
A cheapskate can also be called a miser or a tightwad.
In informal English, broke or strapped are ways of saying that someone has very little money at a particular time. In UK English, you can also use the slang word skint.
Another word for someone who never gives up is "tenacious." A tenacious person is determined, persistent, and doesn't easily give in or surrender, even when faced with challenges or obstacles. They have a strong resolve and continue to pursue their goals or overcome difficulties with unwavering perseverance.