solvent

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solvent

adjective able to pay, clear of encumbrance, creditworthy, financially sound, in good financial condition, moneyed, not owing, out of debt, owing nothing, with funds, with good credit
Associated concepts: solvent debt
Foreign phrases: Id solum nostrum quod debitis deductis nostrum est.That only is ours which remains to us after deduction of our debts.
See also: solid, solution, sound, substance

SOLVENT. One who has sufficient to pay his debts, and all obligations. Dig. 50, 16, 114.

References in periodicals archive ?
Members have showrooms, must have been trading solvently for at least two years and are covered by an insurance guarantee and arbitration scheme.
It is anticipated that the agreements will be subject to various conditions, including that PiV is liquidated solvently.
Lord Falconer, a close friend of Tony Blair, was also forced to correct statements he made to Parliament earlier in the summer that the Dome was trading solvently.