Insolvent vs Brokage - What's the difference?
insolvent | brokage |
Unable to pay one's bills as they fall due.
Owing more than one has in assets.
Not sufficient to pay all the debts of the owner.
As nouns the difference between insolvent and brokage
is that insolvent is (legal) one who is insolvent; an insolvent debtor while brokage is (archaic) the act of a broker; brokerage.As an adjective insolvent
is unable to pay one's bills as they fall due.insolvent
English
Adjective
(en adjective)- an insolvent debtor
- an insolvent estate