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Broken nine-volts circuit (9)

Ross

I believe the answer is:

insolvent

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'circuit' is the definition.
Although both the answer and definition are singular nouns, I don't see how they can define each other.

'broken nine-volts' is the wordplay.
'broken' indicates an anagram.
'nine'+'volts'='ninevolts'
'ninevolts' is an anagram of 'INSOLVENT'.

Can you help me to learn more?

(Other definitions for insolvent that I've seen before include "without the means to pay" , "strapped for cash" , "In the red" , "on the rocks" , "Broke" .)

I've seen this clue in The Globe and Mail.
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