ship·wreck

[ship-rek]
noun
1.
the destruction or loss of a ship, as by sinking.
2.
the remains of a wrecked ship.
3.
destruction or ruin: the shipwreck of one's hopes.
verb (used with object)
4.
to cause to suffer shipwreck.
5.
to destroy; ruin.
00:10
Shipwreck is one of our favorite verbs.
So is hornswoggle. Does it mean:
to chew (food) slowly and thoroughly.
to swindle, cheat, hoodwink, or hoax.
verb (used without object)
6.
to suffer shipwreck.

Origin:
before 1100; Middle English shipwrech remains of a shipwreck; see ship, wreck; replacing Old English scipwræc (see wrack1)

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World English Dictionary
shipwreck (ˈʃɪpˌrɛk) [Click for IPA pronunciation guide]
 
n
1.  the partial or total destruction of a ship at sea
2.  a wrecked ship or part of such a ship
3.  ruin or destruction: the shipwreck of all my hopes
 
vb
4.  to wreck or destroy (a ship)
5.  to bring to ruin or destruction
 
[Old English scipwræc, from ship + wræc something driven by the sea; see wrack²]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

shipwreck
mid-15c., from ship (n.) + wreck. Earlier it meant "things cast up from a shipwreck" (c.1100). The verb is recorded from 1580s. The earlier word for "shipwreck" in the modern sense was M.E. schipbreke, from O.E. scipbryce.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
He did, however, note the location of the shipwreck on one of his maps.
These places are introduced as being near the scene of the shipwreck.
It is the hefty insulated human that longest survives shipwreck in cold seas,
  for instance.
Divers may not use grappling hooks or other anchoring devices if a shipwreck
  site is marked with a mooring buoy.
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