Bankrupt Definition

băngkrŭpt, -rəpt
bankrupted, bankrupting, bankrupts
noun
bankrupts
A person, business, or organization legally declared insolvent because of inability to pay debts.
American Heritage
A person, business, or organization legally declared insolvent: the property of a bankrupt is administered for the benefit of creditors and divided among them.
Webster's New World
A person who is totally lacking in a specified resource or quality.
An intellectual bankrupt.
American Heritage
Anyone unable to pay his or her debts.
Webster's New World
A person who lacks a certain quality or has failed completely in some way.
A political bankrupt.
Webster's New World
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adjective
That is a bankrupt; insolvent.
Webster's New World
Financially ruined; impoverished.
American Heritage
Lacking in some quality; destitute.
Morally bankrupt.
Webster's New World
Depleted of valuable qualities or characteristics.
A morally and ethically bankrupt politician.
American Heritage
That has failed completely.
A bankrupt foreign policy.
Webster's New World
Antonyms:
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verb
bankrupted, bankrupting, bankrupts
To cause to become financially bankrupt.
American Heritage
To cause to become bankrupt.
Webster's New World
To ruin.
An administration that bankrupted its credibility by seeking to manipulate the news.
American Heritage

To force into bankruptcy.

Wiktionary

Origin of Bankrupt

  • French banqueroute from Italian banca rotta broken counter (from the practice of breaking the counters of bankrupt bankers) banca moneychanger's table bank2 rotta feminine of rotto past participle of rompere to break (from Latin rumpere reup- in Indo-European roots)

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Italian banca rotta, which refers to an out-of-business bank, having its bench physically broken. When a moneylender in Northern Italy became insolvent, they would break the bench they worked from to signify that they were no longer in business.

    From Wiktionary

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