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Bankrupt   /bˈæŋkrəpt/   Listen
adjective
Bankrupt  adj.  
1.
Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.
2.
Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.
3.
Relating to bankrupts and bankruptcy.
4.
Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude."
Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.


noun
Bankrupt  n.  
1.
(Old Eng. Law) A trader who secretes himself, or does certain other acts tending to defraud his creditors.
2.
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.
(Law) 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. Note: In England, until the year 1861 none but a "trader" could be made a bankrupt; a non-trader failing to meet his liabilities being an "insolvent". But this distinction was abolished by the Bankruptcy Act of 1861. The laws of 1841 and 1867 of the United States relating to bankruptcy applied this designation bankrupt to others besides those engaged in trade.


verb
Bankrupt  v. t.  (past & past part. bankrupted; pres. part. bankrupting)  To make bankrupt; to bring financial ruin upon; to impoverish.





Collaborative International Dictionary of English 0.48


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"Bankrupt" Quotes from Famous Books



... moment he had never doubted of it, but now circumstances were changed. He was no longer in the position of second son to Sir Thomas Outram of Outram Hall. He was a beggar, an outcast, a wanderer, the son of a fraudulent bankrupt and suicide. The careless words of the woman in the carriage had let a flood of light into his mind, and by it he saw many things which he had never seen before. Now he remembered a little motto that he had often heard, but the full force of which ...
— The People Of The Mist • H. Rider Haggard
... of France, when Louis XVI. ascended the throne on the 11th of May, 1774. Finances, whose deficiencies neither the restorative ministry of cardinal de Fleury, nor the bankrupt ministry of the abbe Terray had been able to make good, authority disregarded, intractable parliaments, an imperious public opinion; such were the difficulties which the new reign inherited from its predecessors. Of all princes, Louis XVI., ...
— History of the French Revolution from 1789 to 1814 • F. A. M. Mignet
... masculine mind. In such a design as he attributed to Susan, it would seem that the lady had much to lose and little to gain. She was vigorous, well-preserved, possessed of a competence, while Joel was doubly bankrupt. Yet his mood was far removed from humble gratitude. He was furious at her presumption, alert to defend his threatened prerogatives, angry at Persis for exposing him to such an attack under his own roof where ignominious retreat was his ...
— Other People's Business - The Romantic Career of the Practical Miss Dale • Harriet L. Smith
... depend more," writes Lord March, "upon the continuance of our friendship than upon anything else in the world, because I have so many reasons to know you, and I am sure I know myself. There will be no bankruptcy without we are bankrupt together." ...
— Americans and Others • Agnes Repplier
... her hand. "For all that I am not in the mood. Tell me the news, my dear Marchmont—plays, pictures, scandals, which of my clients are richer, which are bankrupt, who has gone abroad, and ...
— The Nest Builder • Beatrice Forbes-Robertson Hale


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