It depends: It may mean either
depending on the system of equations.
For example:
x + 2y = 3
2x + 4y = 8
is inconsistent and has no solutions.
But if the system is
x + 2y = 3
2x + 4y = 6
then the system is redundant
and there are infinitely many solutions.
Note that the system matrix is singular
in each case.