bankrupt
1bank·rupt
noun \ˈbaŋk-(ˌ)rəpt\: a person, business, etc., that is unable to pay debts
Full Definition of BANKRUPT
1
a : a person who has done any of the acts that by law entitle creditors to have his or her estate administered for their benefit b : a person judicially declared subject to having his or her estate administered under the bankrupt laws for the benefit of creditors c : a person who becomes insolvent
2
: a person who is completely lacking in a particular desirable quality or attribute <a moral bankrupt>
See Examples of BANKRUPT
- As a lawyer, she specialized in working with bankrupts.
Origin of BANKRUPT
Other Economics Terms
2bankrupt
adjective: unable to pay debts
—used to say that someone or something completely lacks a good or desired quality
Full Definition of BANKRUPT
1
a : reduced to a state of financial ruin : impoverished; specifically : legally declared a bankrupt <the company went bankrupt> b : of or relating to bankrupts or bankruptcy <bankrupt laws>
2
Examples of BANKRUPT
- The lawsuit could leave them bankrupt.
- <she's a kind soul, but bankrupt of all common sense, I'm afraid>
First Known Use of BANKRUPT
1566
Related to BANKRUPT
Other Economics Terms
3bankrupt
transitive verb: to cause (a person, business, etc.) to be unable to pay debts : to make (someone or something) bankrupt
Full Definition of BANKRUPT
1
: to reduce to bankruptcy
2
: impoverish <defections had bankrupted the party of its brainpower>
Examples of BANKRUPT
- Several risky deals bankrupted the company.
- <several bad investments bankrupted him>
First Known Use of BANKRUPT
1588
Other Economics Terms
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