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bankrupt

[bangk-ruhpt, -ruh pt] /ˈbæŋk rʌpt, -rəpt/
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 followed 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
1525-1535
1525-35; < Medieval Latin banca rupta bank broken; replacing adaptations of Italian banca rota and French banqueroute in same sense
Related forms
pseudobankrupt, adjective
quasi-bankrupt, adjective
Synonyms
4. destitute, impoverished.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for bankrupt
  • Everywhere good businesses are going bankrupt and jobs are being destroyed.
  • The choice boiled down to going bankrupt or putting the equipment to work.
  • When a player gets into debt and can't persuade anybody else to lend to him, he goes bankrupt.
  • The world financial community went bankrupt through bad policy.
  • The company went bankrupt and recently put the ship up for sale.
  • Greyhound may be a great name, but it went bankrupt once in the past decade and could have gone bankrupt twice.
  • But the fact is that the government cannot be repaid by a bankrupt firm.
  • Many utilities had to go bankrupt or go through painful reorganization.
  • Their holdings can go to zero, but they can't go bankrupt.
  • Oil is the enemy when they can as a war bankrupt us.
British Dictionary definitions for bankrupt

bankrupt

/ˈbæŋkrʌpt; -rəpt/
noun
1.
a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors
2.
any person unable to discharge all his or her debts
3.
a person whose resources in a certain field are exhausted or nonexistent: a spiritual bankrupt
adjective
4.
adjudged insolvent
5.
financially ruined
6.
depleted in resources or having completely failed: spiritually bankrupt
7.
(foll by of) (Brit) lacking: bankrupt of intelligence
verb
8.
(transitive) to make bankrupt
Word Origin
C16: from Old French banqueroute, from Old Italian bancarotta, from bancabank1 + rotta broken, from Latin ruptus, from rumpere to break
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for bankrupt
adj.

1560s, from Italian banca rotta, literally "a broken bench," from banca "moneylender's shop," literally "bench" (see bank (n.1)) + rotta "broken, defeated, interrupted" from (and remodeled on) Latin rupta, fem. past participle of rumpere "to break" (see rupture (n.)). "[S]o called from the habit of breaking the bench of bankrupts" [Klein]. Earlier in English as a noun, "bankrupt person" (1530s).

v.

1550s, from bankrupt (adj.). Related: Bankrupted; bankrupting.

Online Etymology Dictionary, © 2010 Douglas Harper
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