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be busted

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Also, go bust. Become bankrupt, financially ruined. For example, Who knew that the brokerage firm would be busted? [ ; early 1800s ]
Also see: under go broke
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Also, get busted. Be demoted, as in If you're caught gambling you'll get busted to private. This usage originated in the military and still most often denotes a reduction in rank. [ c. 1800 ]
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Also, get busted. Be arrested or turned over to the police, as in The gang members were sure they'd get busted. [ Mid-1900s ]
The American Heritage® Idioms Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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