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bankrupt - 9 dictionary results
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bank⋅rupt

  [bangk-ruhpt, -ruhpt]
Use bankrupt in a Sentence
–noun
1. Law. a person who upon his or her own petition or that of his or her creditors is adjudged insolvent by a court and whose property is administered for and divided among his or her creditors under a bankruptcy law.
2. any insolvent debtor; a person unable to satisfy any just claims made upon him or her.
3. a person who is lacking in a particular thing or quality: a moral bankrupt.
–adjective
4. Law. subject to or under legal process because of insolvency; insolvent.
5. at the end of one's resources; lacking (usually fol. by of or in): bankrupt of compassion; bankrupt in good manners.
6. pertaining to bankrupts or bankruptcy.
–verb (used with object)
7. to make bankrupt: His embezzlement bankrupted the company.
Origin:
1525–35; < ML banca rupta bank broken; r. adaptations of It banca rota and F banqueroute in same sense

Synonyms:
4. destitute, impoverished.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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bank·rupt   (bāngk'rŭpt', -rəpt)   
n.  
  1. Law A debtor that, upon voluntary petition or one invoked by the debtor's creditors, is judged legally insolvent. The debtor's remaining property is then administered for the creditors or is distributed among them.
  2. A person who is totally lacking in a specified resource or quality: an intellectual bankrupt.
adj.  
    1. Having been legally declared financially insolvent.
    2. Financially ruined; impoverished.
    3. Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician.
    4. Totally depleted; destitute: was bankrupt of new ideas.
    5. Being in a ruined state: a bankrupt foreign policy.
    1. Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician.
    2. Totally depleted; destitute: was bankrupt of new ideas.
    3. Being in a ruined state: a bankrupt foreign policy.
tr.v.   bank·rupt·ed, bank·rupt·ing, bank·rupts
  1. To cause to become financially bankrupt.
  2. To ruin: an administration that bankrupted its credibility by seeking to manipulate the news.

[French banqueroute, from Italian banca rotta, broken counter (from the practice of breaking the counters of bankrupt bankers) : banca, moneychanger's table; see banco + rotta, past participle of rompere, to break (from Latin rumpere; see reup- in Indo-European roots).]
bank'rupt·cy (-rəpt-sē, -rəp-sē) n., bank·rup'tive adj.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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. See 1st Bank, and Rupture, n.]

1. (Old Eng. Low) A trader who secretes himself, or does certain other acts tending to defraud his creditors. --Blackstone.

2. A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person. --M?Culloch.

3. (Law) A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities.

Note: In England, until the year 1861 none but a "trader" could be made a bankrupt; a non-trader failing to meet his liabilities being an "insolvent". But this distinction was abolished by the Bankruptcy Act of 1861. The laws of 1841 and 1867 of the United States relating to bankruptcy applied this designation bankrupt to others besides those engaged in trade.

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.

2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.

3. Relating to bankrupts and bankruptcy.

4. Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude." --Sheridan.

Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.

Bankrupt

Bank"rupt\, v. t. [imp. & p. p. Bankrupted; p. pr. & vb. n. Bankrupting.] To make bankrupt; to bring financial ruin upon; to impoverish.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : bankrupt
Spanish: quebrado, insolvente,
German: bankrott,
Japanese: 破産した
More Translations »

bankrupt 
1533, from It. banca rotta, from banca "moneylender's shop," lit. "bench" (see bank (1)) + rotta "broken, defeated, interrupted" from (and remodeled on) L. rupta, fem. pp. of rumpere "to break" (see rupture). The verb is first recorded 1552.
Online Etymology Dictionary, © 2001 Douglas Harper
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Main Entry: bank·rupt
Pronunciation: 'ba[ng]-"kr&pt
Function: noun
: 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 bankrupt> —— see also DEBTOR

Main Entry: bankrupt
Function: adjective
: ruined financially; especially : judicially declared a bankrupt bankrupt> —compare INSOLVENT

Main Entry: bankrupt
Function: transitive verb
: to reduce to bankruptcy bankrupted by attorney's fees>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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