What does bankrupt mean?

Definitions for bankrupt
ˈbæŋk rʌpt, -rəptbank·rupt

This dictionary definitions page includes all the possible meanings, example usage and translations of the word bankrupt.

Princeton's WordNet

  1. bankrupt, insolventadjective

    someone who has insufficient assets to cover their debts

  2. bankrupt, belly-up(p)verb

    financially ruined

    "a bankrupt company"; "the company went belly-up"

  3. bankrupt, ruin, break, smashverb

    reduce to bankruptcy

    "My daughter's fancy wedding is going to break me!"; "The slump in the financial markets smashed him"

Wiktionary

  1. bankruptverb

    To force into bankruptcy.

  2. bankruptadjective

    having been legally declared insolvent.

Samuel Johnson's Dictionary

  1. Bankruptadjective

    In debt beyond the power of payment.

    Etymology: banqueroute, Fr. bancorupto, Ital.

    The king’s grown bankrupt, like a broken man. William Shakespeare, Richard III.

    Sir, if you spend word for word with me,
    I shall make your wit bankrupt. William Shakespeare, Two Gent. of Verona.

  2. Bankruptnoun

    A man in debt beyond the power of payment.

    Perkin gathered together a power, neither in number nor in hardiness contemptible; but, in their fortunes, to be feared; being bankrupts, and many of them felons. Francis Bacon, Henry VII.

    It is with wicked men as with a bankrupt: when his creditors are loud and clamorous, and speak big, he giveth them many good words. Edmund Calamy.

    In vain at court the bankrupt pleads his cause;
    His thankless country leaves him to her laws. Alexander Pope.

  3. To Bankruptverb

    To break; to disable one from satisfying his creditors.

    We cast off the care of all future thirst, because we are already bankrupted. Henry Hammond, Fundamentals.

Wikipedia

  1. bankrupt

    Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency.

ChatGPT

  1. bankrupt

    Bankrupt refers to a legal status of an individual or an entity (such as a business) that is unable to repay its outstanding debts. This typically happens after filing for bankruptcy protection in court, which allows for the reorganization or clearance of debts under the guidance of a court appointed trustee. Bankruptcy is often caused by financial mismanagement, unexpected expenses, or economic downturns. It can provide a fresh start for individuals or companies, but can also significantly affect one's credit rating.

Webster Dictionary

  1. Bankruptnoun

    a trader who secretes himself, or does certain other acts tending to defraud his creditors

  2. Bankruptnoun

    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

  3. Bankruptnoun

    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

  4. Bankruptadjective

    being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant

  5. Bankruptadjective

    depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury

  6. Bankruptadjective

    relating to bankrupts and bankruptcy

  7. Bankruptadjective

    destitute of, or wholly wanting (something once possessed, or something one should possess)

  8. Bankruptverb

    to make bankrupt; to bring financial ruin upon; to impoverish

Chambers 20th Century Dictionary

  1. Bankrupt

    bangk′rupt, n. one who breaks or fails in business; an insolvent person.—adj. insolvent: destitute (with of).—n. Bank′ruptcy, the state of being or act of becoming bankrupt. [Fr. banque-route, It. banca rotta.]

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Numerology

  1. Chaldean Numerology

    The numerical value of bankrupt in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of bankrupt in Pythagorean Numerology is: 4

Examples of bankrupt in a Sentence

  1. Darren Hughes:

    In years past you would sit in a presentation and say: great, this company is not going bankrupt, but fairly boring at 5 percent, definitely part of this year's function is that so much of our market is trading at distressed or recessionary levels.

  2. Barack Obama:

    It also just indicates the degree to which whatever ideology they're operating off of, it's bankrupt.

  3. Joe Manchin:

    You’re going to get your financial house in order. We cannot live with this crippling debt, if we don’t look at the trust funds that are going bankrupt, whether they be Medicare, Medicaid, Social Security, highway, all the ones — there are tremendous problems right now.

  4. European Economic Commissioner Pierre Moscovici:

    We agree we must protect the most vulnerable. But we also have to find a solution about those who go bankrupt to avoid their obligations.

  5. Ron Johnson:

    What we ought to be doing is we ought to turn everything into discretionary spending so that it's all evaluated so that we can fix problems or fix programs that are broken that are going to be going bankrupt.

Popularity rank by frequency of use

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Translations for bankrupt

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"bankrupt." Definitions.net. STANDS4 LLC, 2024. Web. 15 Jul 2024. <https://www.definitions.net/definition/bankrupt>.

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