|1.||the past tense of break|
|2.||informal having no money; bankrupt|
|3.||slang go for broke to risk everything in a gambling or other venture|
Also, go bust. Undergo financial collapse, lose most or all of one's money. For example, The company's about to go broke, or The producer of that movie went bust. The first expression dates from the mid-1600s; the second, slangier variant dates from the mid-1800s.