What is Solvent?

Legal Definition
A solvent (from the Latin solvō, "I loosen, untie, I solve") is a substance that dissolves a solute (a chemically distinct liquid, solid or gas), resulting in a solution. A solvent is usually a liquid but can also be a solid or a gas. The quantity of solute that can dissolve in a specific volume of solvent varies with temperature. Common uses for organic solvents are in dry cleaning (e.g., tetrachloroethylene), as paint thinners (e.g., toluene, turpentine), as nail polish removers and glue solvents (acetone, methyl acetate, ethyl acetate), in spot removers (e.g., hexane, petrol ether), in detergents (citrus terpenes) and in perfumes (ethanol). Water is a solvent for polar molecules and the most common solvent used by living things; all the ions and proteins in a cell are dissolved in water within a cell. Solvents find various applications in chemical, pharmaceutical, oil, and gas industries, including in chemical syntheses and purification processes.
-- Wikipedia
Legal Definition
A solvent person is one who is able to pay all his just debts in full out of his own present means. See Dig. 50, 16, 114. And see Solvency.
-- Black's Law Dictionary
Legal Definition
One who has sufficient to pay his debts, and all obligations. Dig. 50, 16, 114.
-- Bouviers Law Dictionary