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bankrupt

From Wiktionary, the free dictionary

English

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Etymology

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Partial calque ofItalianbancarotta(literallya broken bench), frombanca(bank, literallybench) +rotta(broken, rupted), which refers to an out-of-business bank, having its bench physically broken, signifying that the working moneylender was insolvent.

Pronunciation

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Adjective

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bankrupt (comparativemorebankrupt,superlativemostbankrupt)

  1. (finance, of aperson,company, etc.) In a condition ofbankruptcy; unable to pay outstandingdebts or meetfinancialobligations; specifically, having been legally declaredinsolvent.[from 1565]
    Synonyms:seeThesaurus:impoverished
    abankrupt merchant
  2. (figurative)Destitute of, or whollylacking a goodquality,value, etc. one should possess or once possessed.[from 1567]
    amorallybankrupt politician

Translations

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having been legally declared insolvent

Verb

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bankrupt (third-person singular simple presentbankrupts,present participlebankrupting,simple past and past participlebankrupted)

  1. (transitive) To force intobankruptcy.
    • 1953 August, David R. Webb, “By Rail to Bournemouth”, inRailway Magazine, page553:
      The cost of the Mendip line had, however,bankrupted the S.D.R. [Somerset & Dorset Railway], and it was leased to the two larger companies for 999 years in 1875, and named the Somerset & Dorset Joint Railway.

Translations

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force into bankruptcy

Noun

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bankrupt (pluralbankrupts)

  1. One who becomes unable to pay his or herdebts; aninsolvent person; abankruptee.
  2. (UK, law, obsolete) Atrader whosecretes himself, or does certain other acts tending todefraud hiscreditors.

Translations

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insolvent person

Derived terms

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See also

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References

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Retrieved from "https://en.wiktionary.org/w/index.php?title=bankrupt&oldid=86843482"
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