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Insolvent   /ɪnsˈɑlvənt/   Listen
Insolvent

noun
1.
Someone who has insufficient assets to cover their debts.  Synonym: bankrupt.






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"Insolvent" Quotes from Famous Books



... been yielding a dividend far exceeding the interest on the loan, and which stock had been pledged for the redemption of the loan, was diverted to the building of a railroad, which never did or could yield a single dollar, and the company soon became insolvent. By another clause of this act of 1839, the Planters' Bank, which, by the loan act, was made responsible (together with the State) for the payment of these bonds, was released from the obligation to ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various

... could not for the life of him refrain from a soft curse or two. Neither of them could make anything of it—(as for Snap, they never showed it to him; it was not within his province—i. e. the Insolvent Debtors' Court, the Old Bailey, the Clerkenwell Sessions, the Police Offices, the inferior business of the Common Law Courts, and the worrying of the clerks of the office—a department in which he was ...
— Ten Thousand a-Year. Volume 1. • Samuel Warren

... tenant. It is a very common practice in Ireland to fix a rent for a tenant and to reduce that rent on the tenant executing certain improvements. No improving tenant, or one who pays his rent, is ever disturbed in possession of his farm—it is only the insolvent one that is put out, and by the time the landlord can obtain possession of the farm it is always in a most delapidated condition. An ejectment for non-payment of rent cannot be brought till a clear year's rent is due, and usually the tenant owes more before it is ...
— The Letters of "Norah" on her Tour Through Ireland • Margaret Dixon McDougall

... and it is said that we advocates get our money for nothing," he remarked, after a pause. "I have freed one insolvent debtor from a totally false charge, and now they all flock to me. Yet every such case costs enormous labour. Why, don't we, too, 'lose bits of flesh in the inkstand?' as some writer or other has said. Well, as to your case, or, ...
— Resurrection • Count Leo Tolstoy

... of war and all persons bought from foreigners were condemned to perpetual slavery. Others became slaves for limited periods,—freemen who married slaves, insolvent debtors, servants out of employment, and various other classes. As the legal interest of money was forty per cent., the enslavement of debtors must have been very common, and Russia was even then largely ...
— Historic Tales, Vol. 8 (of 15) - The Romance of Reality • Charles Morris

... will, on corporations; his decisions on patent-rights and on copyrights; his opinions extending admiralty jurisdiction to inner waters, on liability of public officers, and rights of State or national taxation, on the liquor and passenger laws, on State insolvent laws, on commercial questions, on belligerent rights, and on the organization of States,—after doing service for the day in the mechanical branch of his craft, will soon be all forgotten. But the slavocrats' revolution of the last two generations, ...
— The Atlantic Monthly, Volume 15, No. 88, February, 1865 • Various

... there are many. One man marries a rich heiress: another quacks: another opens a tabernacle, and wheedles himself into old women's wills. But perhaps the best way of all is to go into trade, break, take the benefit of the Insolvent Act, and in short get famously ruined; in which case you're ...
— Walladmor: - And Now Freely Translated from the German into English. - In Two Volumes. Vol. I. • Thomas De Quincey

... that Wild at length grew a little more gentle, and with a sigh said, "I confess I have the least reason of all mankind to censure another for an imprudence of this nature, as I am myself the most easy to be imposed upon, and indeed have been so by this count, who, if he be insolvent, hath cheated me of five hundred pounds. But, for my own part," said he, "I will not yet despair, nor would I have you. Many men have found it convenient to retire or abscond for a while, and afterwards have paid their ...
— The History of the Life of the Late Mr. Jonathan Wild the Great • Henry Fielding

... of the Lord's prophets, whom he maintained by fifty in a cave," in the days of Ahab and Jezebel, 1 Kings 18:4; which circumstance rendered it highly fit that the prophet Elisha should provide her a remedy, and enable her to redeem herself and her sons from the fear of that slavery which insolvent debtors were liable to by the law of Moses, Leviticus 25:39; Matthew 18:25; which he did accordingly, with God's help, at the expense ...
— The Antiquities of the Jews • Flavius Josephus

... of the correspondence the father of the lady died, and upon an investigation of his affairs it was found that he was insolvent long before his death. Creditors seized upon every thing, and the matter preyed upon the mother in such a manner that she, too, died within two months after her husband. The poor girl was nearly distracted with grief, and for a long time knew not ...
— The Gold Hunter's Adventures - Or, Life in Australia • William H. Thomes

... afflicted with scrofula, "which disfigured a countenance naturally well formed, and hurt his visual nerves so much that he did not see at all with one of his eyes." He had a morbid melancholy,—fits of dejection which made his life miserable. He was poor; and when, in 1731, his father died insolvent, he was obliged to leave the university without a degree. After fruitless attempts to establish a school, he married, in 1736, Mrs. Porter, a widow, who had L800. Rude and unprepossessing to others, she was sincerely loved by her husband, and deeply lamented when she died. In 1737 Johnson went to ...
— English Literature, Considered as an Interpreter of English History - Designed as a Manual of Instruction • Henry Coppee

... house; and Eliza Vestris went bankrupt at last. Management after management tried its fortunes in the doomed little house, but without success. Desperate adventurers seized upon it as a last resource, or chose it as a place wherein to consummate their ruin. The Olympic was contiguous to the Insolvent Debtors' Court, in Portugal Street, and from the paint-pots of the Olympic scene-room to the whitewash of the commercial tribunal there ...
— The Atlantic Monthly, Volume 13, No. 80, June, 1864 • Various

... administration of justice. The gentlemen of the bar being barristers and attorneys too (for there is no division of those functions as in England) are no more removed from their clients than attorneys in our Court for the Relief of Insolvent Debtors are, from theirs. The jury are quite at home, and make themselves as comfortable as circumstances will permit. The witness is so little elevated above, or put aloof from, the crowd in the ...
— American Notes for General Circulation • Charles Dickens

... Bankruptcy. The Constitution gives Congress power to establish a uniform system of Bankruptcy. The people of Massachusetts, a commercial and manufacturing State from the beginning, have always desired a Bankrupt law. They were large dealers with other States and with other countries. Insolvent debtors in Massachusetts could not get discharge from their debts contracted in such dealings. The Massachusetts creditors having debts against insolvents in other States found that their debtors under the laws of those States ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar

... studied courtesy, and I never upbraided him for the deception by which he had obtained my hand. My father disappeared suddenly from Vienna, and only after his departure was it discovered that his fortune had long vanished, and that he had for several years been completely insolvent. His creditors tittered a cry of execration; but in great cities the cries of such victims are scarcely heard. My reception-rooms were still thronged by aristocratic guests, and no one cared to remember my father's infamy. This life had lasted three years, when my husband ...
— Run to Earth - A Novel • M. E. Braddon

... customers of a bank never exactly coincide and many payments are made among the customers of a single bank, requiring only bookkeeping transfers. A fractional reserve is therefore ordinarily fully adequate, altho with any less than a 100 per cent reserve any bank would be insolvent if all of its demand obligations were presented at the same instant. Such a contingency is made impossible by business custom and public opinion especially among the larger customers of banks, but the panic of small depositors often brings ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter

... circle, married to men not by any means insolvent, who have unlimited credit, but never any money of their own. They have carriages but no car fare; fine stationery, monogrammed and blazoned with a coat of arms, but not by ...
— The Spinster Book • Myrtle Reed

... that La Salle was insolvent. Tonty had long served without pay. Douay says that he made the stay of the party at the fort very agreeable, and speaks of him, with some apparent compunction, as "ce brave Gentilhomme, toujours inseparablement attache aux interets du sieur de la Salle, doet nous luy avons ...
— France and England in North America, a Series of Historical Narratives, Part Third • Francis Parkman

... summer when the hunters return laden with the spoils of their winter's hunt. In the early autumn, when the Indians are about to leave for their hunting grounds, much business is done, but little in the way of barter. At that season the Indians procure their outfit for the winter. Being usually insolvent, owing to the leisurely time spent upon the tribal camping grounds, they receive the necessary supplies on credit. The amount of credit, or "advances," given to each Indian seldom exceeds one third of the ...
— The Drama of the Forests - Romance and Adventure • Arthur Heming

... is filled with color and action, the background of which is the rather motley life of colonial Georgia, or rather of the time during which Georgia was being established as a colony for insolvent debtors through the efforts of General Oglethorpe. The suspicions and uneasiness existing in the midst of the heterogeneous population attracted to the new colony, the constant state of alarm from the ...
— Ainslee's, Vol. 15, No. 6, July 1905 • Various

... not. All schoolgirls talk like that; and in due course discover how very little esteem has to do with matrimony. If you mean that you would like to marry some penniless wretch of a curate, or some insolvent ensign, for love, I can only say that the day of your marriage will witness our final parting. I should not make any outrageous fuss or useless opposition, rely upon it. I should only ...
— The Lovels of Arden • M. E. Braddon

... most conceited persons in the world, but a good teacher; one of the ugliest countenances he had that need be exhibited—enough, as we say, to spean weans. The man was always extremely precise in the quality of everything about him; his dress, accommodations, and everything else. He became insolvent, poor man, and, for some reason or other, I attended the meeting of those concerned in his affairs. Instead of ordinary accommodations for writing, each of the persons present was equipped with a large sheet of drawing-paper and a swan's quill. ...
— Memoirs of the Life of Sir Walter Scott, Volume I (of 10) • John Gibson Lockhart

... 1767. He was clerk in the office of Bordin, procureur of Chatelet. In 1798 he lent one hundred crowns in gold to Monegod his life-long friend. This sum not being repaid, M. Alain found himself almost insolvent, and was obliged to take an insignificant position at the Mont-de-Piete. In addition to this he kept the books of Cesar Birotteau, the well-known perfumer. Monegod became wealthy in 1816, and he forced M. Alain to accept a hundred and fifty thousand francs ...
— Repertory Of The Comedie Humaine, Complete, A — Z • Anatole Cerfberr and Jules Franois Christophe

... rich, and want to enjoy the exalted luxury of relieving distress, go to the Bankrupt Court, to the Court for Insolvent Debtors, to the gaols, the work-houses, and the hospitals. If you are rich and childless, and want heirs, look to the same assemblages of misfortune; for all are not culpable who appear in the Bankrupt and Insolvent Lists; nor all criminal who are found in gaols; nor all improvident ...
— The Mirror of Literature, Amusement, and Instruction - Volume 12, No. 341, Saturday, November 15, 1828. • Various

... appointment held a county office, was postmaster, and a justice of the peace. He was a leading man, of high character and standing, and supposed to be of considerable wealth. In 1817 he became embarrassed and insolvent, and was removed from his position as deputy. His bonds proved worthless, and the whole loss and liability fell upon my father. This, with other losses occurring through the failure of other deputies, was the most unfortunate event of his life. ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman

... not wise, he had rather afforded his children the means, and taught them the art, of spending money than of saving. His circumstances were suspected, the creditors were hasty to prefer their claims, and it soon appeared that he had died insolvent. The family was consequently dispersed, and I, thus early, was in danger of being turned, a poor, wailing, imbecil wanderer, on a world in which the sacred rights of meum and tuum daily suffer ...
— The Adventures of Hugh Trevor • Thomas Holcroft

... The insolvent debtor, who in the majority of cases had studied his pleasures more than his constitution, was perhaps an even less desirable recruit than his cousin the emancipated convict. In his letters to the Navy Board, Capt. Aston, R.N., relates how, immediately after the passing of the later ...
— The Press-Gang Afloat and Ashore • John R. Hutchinson

... vexation, I was compelled to exemplify. Mr. Palethorp, the landlord, had a visage harsh and ill-favored, and he insisted on my discharging my debt. At this very early age, without having put in for my share of the gifts of fortune, I found myself in the state of an insolvent debtor. The demand harassed me so mercilessly that I could hold out no longer: the door being open, I took to my heels; and as the way was too plain to be missed, I ran home as fast as they could carry me. The scene of the terrors of Mr. Palethorp's name and visitation, in pursuit of me, was ...
— Library Of The World's Best Literature, Ancient And Modern, Vol 4 • Charles Dudley Warner

... subscription raised for a hospital, and, at the time of his resignation, the treasury is empty, save 450,000 francs, half of which he puts in his pocket. What an administration!—In the presence of this debtor, evidently becoming insolvent, all people, far and near, interested in his business, consult together with alarm, and debtors are innumerable, consisting of bankers, merchants, manufacturers, employees, lenders of every kind and degree, and, in the front rank, the capitalists, who have put all their means for life into his ...
— The Origins of Contemporary France, Volume 1 (of 6) - The Ancient Regime • Hippolyte A. Taine

... had been sent to the grammar-school in our town, where he gained the rudiments of education, and a certain amount of Latin and Greek; and where he might, possibly, have become well-educated, had he not—his father dying insolvent—been taken from school, and, much to his grief, apprenticed to the trade he ...
— Saved from the Sea - The Loss of the Viper, and her Crew's Saharan Adventures • W.H.G. Kingston

... wife; all his belongings and his inherited property should belong to his creditors, and he should administer his affairs in their interests under supervision; he should still carry on his business, signing always 'So-and-so, insolvent,' until the whole debt is paid off. If bankrupt, he should be condemned, as formerly, to the pillory on the Place de la Bourse, and exposed for two hours, wearing a green cap. His property and that of his wife, and all his rights of every kind should be handed over to his creditors, ...
— Rise and Fall of Cesar Birotteau • Honore de Balzac

... his circumstances. The services do not try to tell a man how he should provide for his family. Men of honor need no such reminder, though they may be bothered by the question: "How much can I afford?" On that point, sufficient to say that it is not more blessed to be insolvent and worried about debts from being overloaded with insurance than for any other reason. Many retired officers supplement their pay by selling insurance. When a young service officer wants insurance counsel, ...
— The Armed Forces Officer - Department of the Army Pamphlet 600-2 • U. S. Department of Defense

... prison near two years, my father was liberated by an Act for the benefit of insolvent debtors; he was then lost sight of for some time; at last, however, he made his appearance in the neighbourhood dressed like a gentleman, and seemingly possessed of plenty of money. He came to see me, took me into ...
— The Romany Rye • George Borrow

... had no preacher, it will be readily imagined it had no church. With the first crowd who located there came an insolvent rumseller from the East. He called himself Pentecost, which was as near his right name as is usual with miners, and the boys dubbed his shop "Pentecost Chapel" at once. The name, somehow, reached the East, for within a few months there reached the post-office at Hanney's a document addressed to "Preacher ...
— Romance of California Life • John Habberton

... signing with his uncle's. Under these circumstances, Morris could do nothing to procrastinate the crash; and, when it came, when prying eyes began to be applied to every joint of his behaviour, two questions could not fail to be addressed, sooner or later, to a speechless and perspiring insolvent. Where is Mr Joseph Finsbury? and how about your visit to the bank? Questions, how easy to put!—ye gods, how impossible to answer! The man to whom they should be addressed went certainly to gaol, and—eh! ...
— The Wrong Box • Robert Louis Stevenson and Lloyd Osbourne

... American History, Constitutions, Laws, Land Titles, Cities, Colleges, Army and Navy, Rate of Mortality, Growth of Cities, Insolvent and Assignment Laws, Debts, Rates of Interest, and other ...
— Thrilling Narratives of Mutiny, Murder and Piracy • Anonymous

... scoundrel. It seems that he was immensely popular for the first year or so of his government, gave more splendid entertainments than had been given at Madras for half a century before his time, lavished his wealth upon his favourites. Then arose a rumour that the governor was insolvent and harassed by his creditors, and then a new source of wealth seemed to be at his command; he was more reckless, more princely than ever; and then, little by little, there arose the suspicion that he was trafficking in English interests, selling his ...
— Phantom Fortune, A Novel • M. E. Braddon

... 49: They will take you)—Ver. 334. At Rome, insolvent debtors became the slaves of their creditors till their ...
— The Comedies of Terence - Literally Translated into English Prose, with Notes • Publius Terentius Afer, (AKA) Terence

... substantially owns, and by its money supports some of the leading presses of the country is now more clearly established. Editors to whom it loaned extravagant sums in 1831 and 1832, on unusual time and nominal security, have since turned out to be insolvent, and to others apparently in no better condition accommodations still more extravagant, on terms more unusual, and some without any security, ...
— A Compilation of the Messages and Papers of the Presidents - Section 1 (of 2) of Volume 3: Andrew Jackson (Second Term) • James D. Richardson

... not face it. I know of no stranger power than that by which men can ignore unwelcome questions; and I know of nothing more tragical than the fact that they choose to exercise the power. What would you think of a man who never took stock because he knew that he was insolvent, and yet did not want to know it? And what do you think of yourselves if, knowing that the thought of passing into that solemn eternity is anything but a cheering one, and that you have to pass thither, you never turn your head to look at it? Ah, brother, if it be true that this question ...
— Expositions of Holy Scripture - Isaiah and Jeremiah • Alexander Maclaren

... years later, one of our historic panics shook the money-market, and in its course brought down Oak Farm.[203] A great accountant reported, a meeting was held at Freshfield's, the company was found hopelessly insolvent, and it was determined to wind up. The court directed a sale. In April 1849, at Birmingham, Mr. Gladstone purchased the concern on behalf of himself and his two brothers-in-law, subject to certain existing interests; and in May Sir Stephen Glynne resumed legal possession of ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley

... through; A random text—for any one will do." Then gently, lovingly, with look intense, He leaned towards us— "Is this common sense? No person in his rightful mind will try To run his business so, lest by-and-by The thing collapses, smirching his good name, And he, insolvent, face the world ...
— The Verse-Book Of A Homely Woman • Elizabeth Rebecca Ward, AKA Fay Inchfawn

... all "Copenhagen," Silly lovers' paradise! Like the frozen Androscoggin, Slippery, and smooth, and nice, Is the track of the toboggan; And there's nothing cheap about it, Everything is steep about it, The insolvent weep about it, For the biggest thing on ice Is its tip-top price; But were this three times the money, Then the game were ...
— Poems - Vol. IV • Hattie Howard

... crushed every attempt at productive industry. It was the same thing as if all the farmers on each estate were to be bound to make up, annually, the same amount of rent to their landlord, no matter how many of them had become insolvent. We know how long the agriculture of Britain, in a period of declining prices and frequent disaster, would exist under such ...
— Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844 • Various

... to all the policies which they have in force. This means that they must retain or keep invested a sum equal to about two-thirds of all the premiums paid on all existing policies. The moment they part with any portion of this reserve for any purpose whatsoever, they are declared insolvent and wound up by a receiver. In other words, the corporation is d——d if it does and the policy holder is d——d if it doesn't. That the latter gets the sulphur bath goes without saying. The four largest old system companies doing business in New ...
— Volume 10 of Brann The Iconoclast • William Cowper Brann

... Letitia, honestly sorry. Now that the engagement is un fait accompli, and the bridegroom-elect has declared himself not altogether so insolvent as she had feared, she drops precautionary measures and gives way to the affection with which she has begun to regard him. "You are going to Herst also. Why cannot you stay here to accompany Molly? Her going ...
— Molly Bawn • Margaret Wolfe Hamilton

... years Pompey had done nothing to sustain or to revive his obsolete reputation. Capua or other great towns knew him only as a great proprietor. And let us ask this one searching question—Was the poor spirit-broken insolvent, a character now so extensively prevailing in Italian society, likely to sympathize more heartily with the lordly oligarch fighting only for the exclusive privileges of his own narrow order, or with the great reformer who amongst a thousand plans for reinfusing vitality ...
— The Posthumous Works of Thomas De Quincey, Vol. II (2 vols) • Thomas De Quincey

... has already spent eight years and $260,000,000, and has accomplished little actual headway. An enormous amount of money has been wasted. The company is declared insolvent and a receiver is appointed by ...
— Gold Seekers of '49 • Edwin L. Sabin

... that such a person, though not uncommon in novels, very rarely occurs in real life; and if he occur at all, it is with his ideal perfections very much toned down. In actual life, such a hero would become known in the Insolvent Court, and would frequently appear before the police magistrates. He would eventually become a billiard-marker; and might ultimately be hanged, with general approval. If the man, in his unclipped proportions, did actually ...
— The Atlantic Monthly, Vol. 10, No. 58, August, 1862 • Various

... and conscience of the time, the insolvent young merchant was under no obligation whatever to pay liabilities contracted by the other men, but Lincoln could never be induced even to compromise any of the accounts the others had gone off and left him to settle. "Honest Abe" paid the ...
— The Story of Young Abraham Lincoln • Wayne Whipple

... every thing; nothing was overlooked. Of course the relatives were sent for. It was the old story: they had paid great respect to their rich cousin, but they did not seem to care much for the memory of the broken-down insolvent. ...
— The Continental Monthly, Vol. 2, No. 2, August, 1862 - Devoted to Literature and National Policy • Various

... freighting to keep himself and his crew in provisions for a week Felipe would anchor the navy and hang about the little telegraph office, looking like one of the chorus of an insolvent comic opera troupe besieging the manager's den. A hope for orders from the capital was always in his heart. That his services as admiral had never been called into requirement hurt his pride and patriotism. At every call he would inquire, gravely and ...
— Cabbages and Kings • O. Henry

... national bankrupt law I still regard as very desirable. The Constitution having given to Congress jurisdiction of this subject, it should be exercised and uniform rules provided for the administration of the affairs of insolvent debtors. The inconveniences resulting from the occasional and temporary exercise of this power by Congress and from the conflicting State codes of insolvency which come into force intermediately should be removed by the enactment ...
— A Compilation of the Messages and Papers of the Presidents, Volume IX. • Benjamin Harrison

... epithets; but I disdain to follow the example of every illiterate vagabond, that, from idleness, turns quack, and advertises his nostrum in the public papers. I am neither a felonious drysalter returned from exile, an hospital stump-turner, a decayed staymaker, a bankrupt printer, or insolvent debtor, released by act of parliament. I do not pretend to administer medicines without the least tincture of letters, or suborn wretches to perjure themselves in false affidavits of cures that were never performed; nor employ a set of led captains to harangue in my praise at all public ...
— The Adventures of Sir Launcelot Greaves • Tobias Smollett

... cases, hard names. I use the expression "once known," since, if I mistake not, the order has, in these latter days, deceased; dying of sheer decrepitude, with no weeping mourners around it, being intestate and insolvent, and is now to be numbered with the things that were—an old man's tale, the blunder of an hour.[3] That so broad and warm and genial a nature as that of our hero should have gone for refuge and spiritual comfort to a creed so narrow, cold, and ...
— Burl • Morrison Heady

... thoroughly before I made my inquiries. The road began badly with a row of cheap, pretentious, insolvent-looking shops, a public-house, and a cab-stand, but, after an interval of little red villas that were partly hidden amidst shrubbery gardens, broke into a confusedly bright but not unpleasing High Street, shuttered that afternoon and sabbatically still. ...
— In the Days of the Comet • H. G. Wells

... statement, which is more exact, and agrees with the epitaph, is, that the subscription was not sufficient to extricate King Theodore from his difficulties, and that he was released from gaol as an insolvent debtor. However that may be, he died soon afterwards. Former writers have stated that he was buried in an obscure corner, among the paupers, in the churchyard of St. Anne's, Westminster, but they are mistaken. We find a neat mural tablet fixed against the exterior wall of the church of St. Anne's, ...
— Rambles in the Islands of Corsica and Sardinia - with Notices of their History, Antiquities, and Present Condition. • Thomas Forester

... too, the tavern-keeper, a little man with a dirty, red beard, whose demeanour was at once timid and impudent. He saw him as he went and came, then saw him suddenly turn, lift the end of his caftan and wipe his cheek on it. What had happened? An insolvent debtor had spit in his face; he bore it smilingly. This smile was more repulsive to Count Abel than the great stain that resembled ...
— Samuel Brohl & Company • Victor Cherbuliez

... he sold his farm he was by no means out of danger of absolute insolvency—he was in fact ruined; but he was not yet the victim of those processes which would make him legally insolvent. The vultures were hovering, but they had not yet swooped, and there was the Manor saw-mill going night and day; for by the strangest good luck Jean Jacques received an order for M. Mornay's new railway (Judge Carcasson was behind that) which would ...
— The Judgment House • Gilbert Parker

... introduction that would be useful in London, she was too impatient to await their arrival. Thus she came to secure the services of Lady Willow, the widow of Sir Debenham Willow, who had died abroad, insolvent, some years before, mourned by the creditors ...
— A Woman Intervenes • Robert Barr

... maritime powers of Europe." Burdened with debts which were the legacy of an era of speculation, a considerable part of the population, especially of the farmer class, was demanding measures of relief which threatened the security of contracts. "Laws suspending the collection of debts, insolvent laws, instalment laws, tender laws, and other expedients of a like nature, were familiarly adopted or openly ...
— John Marshall and the Constitution - A Chronicle of the Supreme Court, Volume 16 In The - Chronicles Of America Series • Edward S. Corwin

... markets, and, as a friendly tradition adds, by the bad faith of a partner named MacDonald, whom he had imprudently received into his confidence, and intrusted with a considerable sum of money, rendered totally insolvent. He absconded, of course—not empty-handed, if it be true, as stated in an advertisement for his apprehension, that he had in his possession sums to the amount of L1000 sterling, obtained from several noblemen and gentlemen ...
— Rob Roy, Complete, Illustrated • Sir Walter Scott

... debtor and creditor affair. (Who ever loved with no hope of return?) It is when one of the parties declares him-or her-self insolvent that the account is closed—with many tears and sighs on the part of the chief creditor. At ...
— Hints for Lovers • Arnold Haultain

... to employ it twenty years at its present rate of progression. Commercial bubbles burst, and high-pressure boilers blow up, and mountebanks of all descriptions flourish on public credulity. Everywhere there are wars and rumours of wars. The Peace Society has wound up its affairs in the Insolvent Court of Prophecy. A great tribulation is coming on the earth, and Apollyon in person is to be perpetual dictator all the nations. There is, to be sure, one piece of news your line, but it will be no news to ...
— Gryll Grange • Thomas Love Peacock

... citizens invested with honourable functions, either at court, in the army, in the church, or in the magistracy, should be suspended whenever they should be legally sued by a creditor, and that they should be unremittingly deprived of their rank whenever they should be declared insolvent by the tribunals. It appears to me that money would then be lent with more confidence, and borrowed with greater circumspection. Another advantage which would accrue from such a regulation, would be, that the subaltern orders of men, who imitate the customs and the prejudices of the higher class ...
— The Journal of Negro History, Volume 2, 1917 • Various

... Pennsylvania settlements, founded by Lord Baltimore and William Penn as lords proprietor, owners of vast tracts of land and possessing privileges more extensive than ever before were bestowed on British subjects. In the new century arrived Oglethorpe, with his insolvent debtors, soon to find Spaniards from St. Augustine hostile to his enterprise. But Oglethorpe was a soldier as well as a colonizer; he had served in Continental wars, and, after laying siege to St. Augustine further aggressions from ...
— Great Epochs in American History, Vol. II - The Planting Of The First Colonies: 1562—1733 • Various

... appetite; and that the destiny she was choosing with this snarling intensity was so glorious that it justified her scorn. He felt a conviction, which had the vague quality of melancholy, that he was morally insolvent, and a suspicion, which had the acute quality of pain, that his financial solvency was not such a great thing after all. For Ellen looked like an angry queen as well as an angry angel. It seemed possible that these young people were not only going to have a mansion in heaven, but would ...
— The Judge • Rebecca West

... you know, Julia, that when your father started in life he had not much capital, and began business in a small way. But he did very well until there came a time of commercial depression, and a man who owed him a considerable sum of money died insolvent. Then your father found that he was so much embarrassed that he thought the wisest and most honourable course would be to divide what he had amongst his creditors at once. He gave up everything to them, and was hesitating what he should do for a living. Just at that time my father ...
— Ruth Arnold - or, the Country Cousin • Lucy Byerley

... of the local senates, for whose members qualifications of age (30 years) and military service are laid down, while persons who have suffered conviction for various specified offences, or who are insolvent, or who carry on discreditable or immoral trades are excluded. It also provides that the local magistrates shall take a census of the citizens at the same time as the census takes place in Rome, and send the registers to Rome within sixty ...
— Encyclopaedia Britannica, 11th Edition, Volume 4, Part 4 - "Bulgaria" to "Calgary" • Various

... a new code of laws, and now there was an ample prison-house for its transgressors! The penal code was frightful. An insolvent debtor was tied up half naked in a public place and beaten three hours a day for thirty or forty days, and then, if no one came to his rescue, with his wife and his children he was sold as a slave. But Siberia was to be the prison-house of ...
— A Short History of Russia • Mary Platt Parmele

... long walk, for after all what is the good of hurrying back to shop when you are not only insolvent but very soon to die? His dinner and the east wind lost their sinister hold upon his soul, and when at last he came back along the Fishbourne High Street, his face was unusually bright and the craving hunger of the dyspeptic was returning. So he went into the grocer's and bought a ruddily decorated ...
— The History of Mr. Polly • H. G. Wells

... his story—to give one example out of a score—he had been obliged to apply for the benefit of the Insolvent Act, in Philadelphia, owing to losses he had sustained by lending money to distressed compatriots, and eleemosynary outcasts, and had been opposed in the Court of Insolvency by Colonel John Stille, Jr. and Mr. Henry McIlvaine, who threatened him with a prosecution for the forgery ...
— The Atlantic Monthly, Volume 20, No. 122, December, 1867 • Various

... Carrigan to come to the office at two o'clock, stating that the company was insolvent and but enough money remained to square accounts with the contractor. Pat had cast a shrewd glance at Lee and nodded. This was during the morning. Afterward the engineer had gone for a visit to the dam, the drops, and the canal line, a last view of the ...
— The Iron Furrow • George C. Shedd

... estate, and as soon as practicable was going through the courts as an insolvent. The personal estate allowed him from the debris of his wealth he intended to settle on his aunts, and he hoped it might be sufficient to support them. Himself, he had the same prospects as the boundary-riders ...
— My Brilliant Career • Miles Franklin

... But in time the glories of the exclusive and classically minded coterie faded, its leading spirits died or disappeared, the superior monthly organ—torch for all the country—burnt itself out, lost subscribers—in fact the whole business was declared insolvent, and the nervous, gifted, but too sanguine editor-in-chief (there were three editors), M. Anselme-Ferdinande Placide De Lery, avocat, and the devoted, conscientious, but unprogressive secretary, old Amedee Laframboise, ...
— Ringfield - A Novel • Susie Frances Harrison

... ago er better, a letter comes to hand Astin' how I'd like to dicker fer some Illinois land— "The feller that had owned it," it went ahead to state, "Had jest deceased, insolvent, leavin' chance to speculate,"— ...
— Riley Love-Lyrics • James Whitcomb Riley

... a loose system of taxation. The Boers have never been good taxpayers, and no Government has been able to enforce the proper payment of taxes due to the State. A decade after its establishment the Republic was practically insolvent. Even as early as 1857 the Government was compelled to issue mandaten, or bills, wherewith to raise money to buy ammunition, and to pay its servants. In 1866 a regular issue of paper money was sanctioned by the Volksraad. This was followed by further issues, until, in 1867, a ...
— South Africa and the Transvaal War, Vol. 1 (of 6) - From the Foundation of Cape Colony to the Boer Ultimatum - of 9th Oct. 1899 • Louis Creswicke

... virtue and a sense of public duty would again be the attributes of royalty. In this session, too, it conferred a boon upon Ireland, which earned little gratitude, by the consolidation of the British and Irish exchequers. Ireland was virtually insolvent before this measure was passed. With the union of the exchequers the union of the countries was completed. The administration, discredited by its financial policy, was strengthened in June by the acquisition ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick

... pleas, among which was a certificate of discharge under the act of the legislature of the State of New York, of April 3d, 1801, for the relief of insolvent debtors, commonly called the ...
— The Great Speeches and Orations of Daniel Webster • Daniel Webster

... the hero, was saved from committing suicide, after ruining himself, by an accident which forms the thread of the story. Possibly, during the bankruptcy proceedings, there may have been a fit of despair which urged the insolvent printer to end his own troubles in the Seine. If so, it was of short duration. A fortnight after he had quitted the Rue des Marais, the letter he wrote to General de Pommereul showed him planning ...
— Balzac • Frederick Lawton

... enough to lend it. To others I lost large sums on credit, under promises to pay them on a future day. When the day arrived and found me unable to meet my engagements, I was induced to give bills to my creditors for other and distant days. Again those days came, and again they found me insolvent. I will not, I need not, go through all the miserable details of the difficulties in which I was entangled, of the humiliating excuses I had to make, and the more humiliating threats and reproaches I had to endure. It is enough to say that, with desperate infatuation, I made a solemn promise ...
— Ellen Middleton—A Tale • Georgiana Fullerton

... like—these thoughts of the old Book about 'righteousness and temperance and judgment to come,' and make a natural effort to turn our minds away from the contemplation of the subject, because it is painful and unpleasant. Do you think it would be a wise thing for a man, if he began to suspect that he was insolvent, to refuse to look into his books or to take stock, and let things drift, till there was not a halfpenny in the pound for anybody? What do you suppose his creditors would call him? They would not compliment him on either his honesty or his prudence, would they? And is it not ...
— Expositions of Holy Scripture: The Acts • Alexander Maclaren

... could be but one test as to the claim; and as we read in a police sheet, as a sufficient ground for arrest, the two words, "Drunk and Disorderly," so should any commission on pensions accept as valid grounds for a pension, "Insolvent and a Bankrupt." ...
— Cornelius O'Dowd Upon Men And Women And Other Things In General - Originally Published In Blackwood's Magazine - 1864 • Charles Lever

... me that I ought to turn my disappointment to some use. This was about ten years ago, when his own life fell to pieces. I had been associated with magazines for some time, and knew how little that was really good found its way into the plainer people's homes. At Mac's suggestion I bought an insolvent monthly, and began to remodel it. 'You've got the home-and-children bug; well, do something for other people's'—was the way Mac put it to me. Later we started the two other magazines, always keeping before us our aim of giving the average ...
— The Nest Builder • Beatrice Forbes-Robertson Hale

... preaching all the way thro' the colonies to Georgia. The settlement of that province had lately been begun, but, instead of being made with hardy, industrious husbandmen, accustomed to labour, the only people fit for such an enterprise, it was with families of broken shop-keepers and other insolvent debtors, many of indolent and idle habits, taken out of the jails, who, being set down in the woods, unqualified for clearing land, and unable to endure the hardships of a new settlement, perished in numbers, leaving many helpless children ...
— Autobiography of Benjamin Franklin • Benjamin Franklin

... is done, and done at once, by the policy-holders, each and every one of the largest companies may become insolvent; that is, they may not be able to meet the engagements of their policies, because of waste of funds, tremendous falling off of new business, tremendous cost of new business, and the nature of the new business—so-called "graveyard business"; for I am credibly informed that they are now seeking ...
— Frenzied Finance - Vol. 1: The Crime of Amalgamated • Thomas W. Lawson

... payment from those indebted to him would be proportionately abated. It is not going too far to say that, within a year after a blow had been struck at the public funds, one-half of the whole trading classes would find themselves insolvent. None would be able to stand the shock but those possessed of considerable capital. The majority who carried the measure would, for the most part, be ruined by its effects. This consequence is not a remote ...
— Blackwood's Edinburgh Magazine, No. CCCLXXVI. February, 1847. Vol. LXI. • Various

... friend of the Regent, and to repair his shattered fortunes he engaged, at the advice of Lau, in those disastrous financial enterprises that paved the way for the Revolution. He failed completely in his ventures, left Paris insolvent, and took refuge in the Chateau de Chamondrin, where he hoped to escape the wrath of his creditors. But they complained to the king, and brought such influence to bear upon him that Louis XV., the Well-beloved, who had just ascended the throne, informed the Marquis de Chamondrin that ...
— Which? - or, Between Two Women • Ernest Daudet

... subject to the law, and tidings reached him that the sheriff would seize the Maid. On most occasions the sheriff is bound to keep such intentions secret, seeing that property is movable, and that an insolvent debtor will not always await the officers of justice. But with the poor Maid there was no need of such secrecy. There was but a mile or so of water on which she could ply, and she was forbidden by the nature of her properties to ...
— Volume 1 • Anthony Trollope

... its inhabitants, that failures of merchants and settlers continued to be of almost daily occurrence up to the end of the year 1843. No one durst push his neighbour for payment of debt: were such a thing attempted, an immediate surrender of his affairs to the official trustee of the Insolvent Court, was the consequence. Several of the first and oldest merchants in the Colony have sunk under the long-continued pressure; and, at the date of the last accounts, more failures were looked for. These, however, ...
— Trade and Travel in the Far East - or Recollections of twenty-one years passed in Java, - Singapore, Australia and China. • G. F. Davidson

... cruising vessel, which was lost in the Atlantic two years afterwards. The widow was left in affluence; but reverses of various kinds had befallen her; a bank broke—an investment failed—she went into a small business and became insolvent—then she entered into service, sinking lower and lower, from housekeeper down to maid-of-all work—never long retaining a place, though nothing decided against her character was ever alleged. She was ...
— The Best Ghost Stories • Various

... drawer of the desk, then drew forth a long strip of paper covered with figures. "All the Stacey companies," he said, "have been suffering from the depression that exists in the trade at present. They are insolvent. Glance over that, Stacey. It is a summary of the preliminary report of the accountants of the district attorney who have been ...
— The Poisoned Pen • Arthur B. Reeve

... King's and Queen's healths were drunken. But this vile Pageantry, similar to Balthazzers quaffing in the holy vessels, did not pass long without a note of observation, for though Milne had scraped together much riches, yet, in a short time, he became an insolvent bankrupt, and was forced to flee to the Abbey; after which he became distracted, and died in great ...
— Biographia Scoticana (Scots Worthies) • John Howie

... Surface school was one day heard to boast that from his continually breaking his promises made to his creditors, they must imagine him to have been brought up in a court:—"Yes," replied a byestander, "the Insolvent's Court." ...
— The Mirror of Literature, Amusement, and Instruction, Vol. 10, No. - 287, December 15, 1827 • Various

... recently begun to exist under such splendid auspices, which had seemed destined to make a revolution in commerce and in finance, which had been the boast of London and the envy of Amsterdam, was already insolvent, ruined, dishonoured. Wretched pasquinades were published, the Trial of the Land Bank for murdering the Bank of England, the last Will and Testament of the Bank of England, the Epitaph of the Bank of England, the Inquest on the Bank of England. ...
— The History of England from the Accession of James II. - Volume 4 (of 5) • Thomas Babington Macaulay

... "insolvency" are sometimes used indiscriminately, they have in legal and commercial usage distinct significations. When a person's financial liabilities are greater than his means of meeting them, he is said to be "insolvent"; but he may nevertheless be able to carry on his business affairs by means of credit, paying old debts by incurring new ones, and he may even, if fortunate, regain a position of solvency without his creditors ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various

... inhumanly, and without any legal authority, order the said Durbege Sing to be strictly imprisoned; and the said Durbege Sing, in consequence of the vexations, hardships, and oppressions aforesaid, died in a short time after, insolvent, but whether in prison or ...
— The Works of the Right Honourable Edmund Burke, Vol. VIII. (of 12) • Edmund Burke

... part of the Hinkle theory had failed, and then Miss Milray devolved upon the belief that he had run his tailor's bill or his shoemaker's. "They are delightful, those Russians, but they're born insolvent. I don't believe he's drowned himself. How," she broke off to ask, in a burlesque whisper, "is-the-old-tabby?" She laughed, for answer to her own question, and then with another sudden diversion she demanded of a look in Clementina's face which would not be laughed ...
— Henry James, Jr. • William Dean Howells

... of the new Poor Law, and other new enactments of Parliament, those who have a real interest in the preservation of their property, will be forced to look, as they never did before, to the improvement of their tenantry. Those who are insolvent must part with the nominal tenure of land, and leave their estates to capitalists who can better discharge the duty of landlords; and lastly, the masses, who hitherto had been abandoned to themselves and to their brutal instinct for self-preservation, ...
— Blackwood's Edinburgh Magazine, Volume 62, Number 385. November, 1847. • Various

... mortify me, and was resolved if I possibly could to Prevent her seeing that her scheme succeeded. "Neither Madam; he was a Wine Merchant." "Aye, I knew he was in some such low way—He broke did not he?" "I beleive not Ma'am." "Did not he abscond?" "I never heard that he did." "At least he died insolvent?" "I was never told so before." "Why, was not your FATHER as poor as a Rat" "I fancy not." "Was not he in the Kings Bench once?" "I never saw him there." She gave me SUCH a look, and turned away in a great passion; while I was half delighted ...
— Persuasion • Jane Austen

... statesmanship—and all statesmanship, it should be remembered, is imperfect—has failed in obtaining good results at all commensurate with its generally good intentions. Failure, however, is none the less failure because its causes admit of analysis. It is no defence to bankruptcy that an insolvent can, when brought before the Court, lucidly explain the errors which resulted in disastrous speculations. The failure of English statesmanship, explain it as you will, has produced the one last and greatest evil which misgovernment can cause. It has created hostility to the law in the minds of ...
— Handbook of Home Rule (1887) • W. E. Gladstone et al.

... the first coalition a special approximation had taken place between Caesar and Crassus as the two weaker parties; a common interest and a common danger tightened yet more the bond which joined the richest and the most insolvent of Romans in closest alliance. While in public the democrats described the absent general as the head and pride of their party and seemed to direct all their arrows against the aristocracy, preparations ...
— The History of Rome (Volumes 1-5) • Theodor Mommsen

... ruling orders had already reduced the laboring classes to poverty and abject dependence; and all whom bad times or casual disasters had compelled to borrow had been impoverished by the high rates of interest; while thousands of insolvent debtors had been sold into slavery, to satisfy the demands of relentless creditors. In this situation of affairs the most violent or needy demanded a new distribution of property; while the rich would have held on to ...
— Mosaics of Grecian History • Marcius Willson and Robert Pierpont Willson

... out the amount of the bill, plus the amount of certain expenses, he thought that he did know. And he knew that were he in trade he would become a bankrupt; and he was well aware that such an occurrence would prove him to be insolvent. But he did not know what his creditors would immediately have the power of doing. That the fact of the bill having been dishonoured would reach the Board under which he served,—and, therefore, also the fact that he had had recourse ...
— The Last Chronicle of Barset • Anthony Trollope

... petition the British ministry to make the attempt, under a promise that the colonies would give their best aid. But that Massachusetts should venture it alone, or with such doubtful help as her neighbors might give, at her own charge and risk, though already insolvent, without the approval or consent of the ministry, and without experienced officers or trained soldiers, was a startling suggestion to the sober-minded legislators of the General Court. They listened, however, with respect to the Governor's reasons, and appointed a committee of ...
— A Half-Century of Conflict, Volume II • Francis Parkman

... pay a good deal better than hunting up the poor widows of insolvent merchants," said Mr. Jones to himself, as he walked the length of his store once or twice, rubbing his hands every now and then with irrepressible glee. "If I'd been led off by Smith on that fool's errand, just see what I would have lost. Operations ...
— Finger Posts on the Way of Life • T. S. Arthur

... intense and long. During her illness, no tidings came of Philip. He was in another part of the country when the accident happened; and it was not till long after it had been made known that Mr Young had died insolvent,—not till after Maria had recovered, as far as recovery was possible,—not till she had fallen into the habit of earning her bread, that Philip reappeared, and shook hands with her, and told her with how much concern he had heard of her sufferings. This interview gave her entire possession of ...
— Deerbrook • Harriet Martineau

... government. The controversy between Lord Falkland and Mr. Howe reached its climax on the 21st February, 1846, when a despatch was brought down to the house, referring to the speaker, Mr. William Young, and his brother, George R. Young, as the associates of "reckless" and "insolvent" men—the reference being to Mr. Howe and his immediate political friends. When the despatch had been read, Mr. Howe became greatly excited, and declared amid much disorder that if "the infamous system" of libelling respectable colonists ...
— Canada under British Rule 1760-1900 • John G. Bourinot

... not least, is the Sultan of Turkey, who has a large family to provide for and who keeps a man busy issuing promissory notes to Uncle Sam so that his wives may be properly supplied with filigree hair pins and divided skirts. They say he recently bought the entire stock of an insolvent dry goods store for his harem, and it only went half ...
— Said the Observer • Louis J. Stellman

... sufficient title. Not unfrequently, the applicant changed his choice, and migrated from one spot to another. The governor often permitted the issue of rations and implements a second time, to enable indolent or insolvent settlers to till a second heritage.[165] Trade was, however, more agreeable to many emancipists than agriculture. The officers located near them were willing to purchase their petty farms: thus the small holdings were bought up,[166] and the estates of the greater landholders ...
— The History of Tasmania, Volume I (of 2) • John West

... landlords of some of the houses tenanted by working men without work, by dangerous characters, and by the very poor employed in unhealthy toil, dare not demand their rents, and can find no bailiffs bold enough to evict insolvent lodgers. At the present time speculating builders, who are fast changing the aspect of this corner of Paris, and covering the waste ground lying between the Rue d'Amsterdam and the Rue Faubourg-du-Roule, will no doubt alter the character of the inhabitants; for the trowel is a more civilizing ...
— Cousin Betty • Honore de Balzac

... or question. Fifty guineas here or there did not signify to their client, whilst to us—well, really, let a lawyer be as kind and disinterested as he will, fifty guineas disbursed upon the suit of an utterly insolvent, or persistently insolvent, client means something eminently disagreeable ...
— The Uninhabited House • Mrs. J. H. Riddell

... political questions were regarded with some suspicion, as dangerous characters; they were usually persons who had little or no business of their own to manage, or, if they had, were likely enough to become insolvent. ...
— The Mill on the Floss • George Eliot

... She had talent, and she had, besides—as the manager beside her had divined—one live play in her. But he doubted whether she had more than one. She looked insolvent, a dweller in the past, crippled by an acute memory. No doubt it was this self-regarding memory which had resulted in the play. It was obviously a personal experience, and as she was rich enough to share the risk of producing it, he was more than ready to put it on. It was full ...
— The Lowest Rung - Together with The Hand on the Latch, St. Luke's Summer and The Understudy • Mary Cholmondeley

... the recital must have been to the peasantry around him! How it must have exalted their ideas of the civilising influence of land agency. 'It is quite a common thing,' says a gentleman well acquainted with the estate, 'when a tenant becomes insolvent, that his tenant-right is sold and employed to pay those of his creditors who may be in favour. I know a lady who made application to have a claim against a small farmer registered in the office, which was ...
— The Land-War In Ireland (1870) - A History For The Times • James Godkin

... appointments, that they may gorge themselves with the provincial luxuries and wealth? No doubt you heard in what way our friend the philosopher gave the place of praetorian prefect to one who but three days before was a bankrupt,—insolvent, by G—, and a beggar. Be not you content: that same gentleman is now as rich as a prefect should be; and has been so, I tell you, any time these three days. And how, I pray you, how—how, my good sir? How but out of the ...
— The Caesars • Thomas de Quincey

... estates into closer connection, and to equalize the laws for both. Nor do the provisions of the decemviral code, with which we are acquainted, show that enlightened regard to natural justice which characterized jurisprudence in its subsequent development. It allowed insolvent debtors to be treated with great cruelty; they could be imprisoned for sixty days, loaded with chains, and then might be sold into foreign slavery. It sanctioned a barbarous retaliation—an eye for an eye, and a tooth for ...
— The Old Roman World • John Lord

... you to pay the bill, you having no money, and receiving no greater income than 22 shillings per week, all of which was necessary to the maintenance of yourself and family. We regret again to call to your notice the Statute of 16 Eliz., entitled, "Concerning the Imprisonment of Insolvent Debtors," which we trust you will not oblige us to invoke in aid of our suffering client's rights. To be lenient and merciful is his inclination, and we are happy to communicate to you this most favorable tender for an acquittance of his claim. You shall render to ...
— Shakespeare's Insomnia, And the Causes Thereof • Franklin H. Head

... vessel, which was lost in the Atlantic two years afterwards. The widow was left in affluence, but reverses of various kinds had befallen her: a bank broke; an investment failed; she went into a small business and became insolvent; then she entered into service, sinking lower and lower, from housekeeper down to maid-of-all-work,—never long retaining a place, though nothing decided against her character was ever alleged. She was considered sober, honest, and peculiarly quiet in her ways; still nothing prospered with her. ...
— The Lock and Key Library • Julian Hawthorne, Ed.

... the executioner, who led a young man by a rope tied about his neck. Inquiring the crime of the culprit, she was informed that he owed a hundred deenars, which being unable to pay, he was sentenced to be hung, such being the punishment of insolvent debtors in that city. The cauzee's wife, moved with compassion, immediately tendered the sum, being nearly all she had, when the young man was released, and falling upon his knees before her, vowed ...
— The Arabian Nights Entertainments Complete • Anonymous

... nearest point of interception, to march with more ease at a greater distance from the enemy, and thus to render the haste required less damaging. This last way is the worst of all, it generally turns out like a new debt contracted by an insolvent debtor, and leads to greater embarrassment. There are cases in which this course is advisable; others where there is nothing else left; also instances in which it has been successful; but upon the whole it is certainly true that its adoption is usually influenced less by a clear ...
— On War • Carl von Clausewitz



Words linked to "Insolvent" :   unsuccessful person, loser, solvent, failure, nonstarter, insolvency, belly-up



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