bankrupt


bankrupt
/'bæŋkrʌpt/ noun, adjective
(a person) who has been declared by a court not to be capable of paying his or her debts and whose affairs are put into the hands of a receiver
a bankrupt property developer
She was adjudicated or declared bankrupt.
He went bankrupt after two years in business.
verb
to make someone become bankrupt
The recession bankrupted my father.

Dictionary of banking and finance. 2015.

Synonyms:

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  • bankrupt — bank·rupt 1 / baŋ ˌkrəpt/ n: a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit of the debtor s creditors was adjudicated a bankrupt see also debtor bankrupt 2 adj:… …   Law dictionary

  • bankrupt — [baŋk′rupt΄, baŋk′rəpt] n. [Fr banqueroute < It banca rotta < banca, bench (see BANK1) + rotta, broken < L rupta, fem. pp. of rumpere, to break: see RUPTURE] 1. a person legally declared unable to pay his or her debts: the property of a… …   English World dictionary

  • Bankrupt — Bank rupt, a. 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one s debts; as, a bankrupt merchant. [1913 Webster] 2. Depleted of money; not having the means of meeting pecuniary liabilities; …   The Collaborative International Dictionary of English

  • Bankrupt — Bank rupt, n. [F. banqueroute, fr. It. bancarotta bankruptcy; banca bank (fr. OHG. banch, G. bank, bench) + rotta broken, fr. L. ruptus, p. p. of rumpere to break. At Florence, it is said, the bankrupt had his bench (i.e., money table) broken.… …   The Collaborative International Dictionary of English

  • bankrupt — ► ADJECTIVE 1) declared in law unable to pay one s debts. 2) completely lacking in a particular good quality or value: morally bankrupt. ► NOUN ▪ a person legally declared as bankrupt. ► VERB ▪ reduce to a bankrupt state. DERIVATIVES …   English terms dictionary

  • Bankrupt — Bank rupt, v. t. [imp. & p. p. {Bankrupted}; p. pr. & vb. n. {Bankrupting}.] To make bankrupt; to bring financial ruin upon; to impoverish. [1913 Webster] …   The Collaborative International Dictionary of English

  • bankrupt — 1530s (n., bankrupt person ); 1560s (adj.), from It. banca rotta, lit. a broken bench, from banca moneylender s shop, lit. bench (see BANK (Cf. bank) (1)) + rotta broken, defeated, interrupted from (and remodeled on) L. rupta, fem. pp. of rumpere …   Etymology dictionary

  • bankrupt — the entity that files a bankruptcy; the debtor; the insolvent entity. This is a non technical term and is not used in the Bankruptcy Code (Glossary of Common Bankruptcy Terms) A person who has made an assignment or against whom a receiving order… …   Glossary of Bankruptcy

  • bankrupt — vb impoverish, exhaust, *deplete, drain Analogous words: denude, *strip, bare: sap, cripple, disable, undermine (see WEAKEN) …   New Dictionary of Synonyms

  • bankrupt — [adj] unable to pay debts broke, depleted, destitute, exhausted, failed, impoverished, in Chapter 11*, insolvent, lacking, lost, out of business, ruined, spent, tapped out; concept 334 Ant. rich, solvent, wealthy …   New thesaurus

  • bankrupt — a debtor, who has volunteered or been forced to appear before a Bankruptcy Court and has been judged insolvent, because s/he has insufficient assets to meet the demands of all creditors. Glossary of Business Terms * * * ▪ I. bankrupt bank‧rupt 1… …   Financial and business terms