The definition of bankrupt is having been legally determined to be unable to pay all debts.(adjective)
An example of bankrupt is the status of a business that failed and has no remaining assets.
See bankrupt in Webster's New World College Dictionary
Origin: Fr banqueroute < It banca rotta < banca, bench (see bank) + rotta, broken < L rupta, fem. pp. of rumpere, to break: see rupture
See bankrupt in American Heritage Dictionary 4
Origin: French banqueroute
Origin: , from Italian banca rotta, broken counter (from the practice of breaking the counters of bankrupt bankers)
Origin: : banca, moneychanger's table; see banco
Origin: + rotta
Origin: , past participle of rompere, to break (from Latin rumpere; see reup- in Indo-European roots).
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