Bankrupt (noun) Definition, Meaning & Examples

noun
  1. a person who upon their own petition or that of their creditors is adjudged insolvent by a court and whose property is administered for and divided among their creditors under a bankruptcy law.
  2. any insolvent debtor; a person unable to satisfy any just claims made upon them.
  3. a person who is lacking in a particular thing or quality: a moral bankrupt.
adjective
  1. subject to or under legal process because of insolvency; insolvent.
  2. at the end of one's resources; lacking (usually followed by of or in): bankrupt of compassion;bankrupt in good manners.
  3. related to the act or process of being adjudged insolvent by a court and having one's property andministered for and divided among one's creditors.
verb (used with object)
  1. to make insolvent: His embezzlement bankrupted the company.
noun
  1. a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors
  2. any person unable to discharge all his or her debts
  3. a person whose resources in a certain field are exhausted or nonexistent
adjective
  1. adjudged insolvent
  2. financially ruined
  3. depleted in resources or having completely failed
  4. lacking
verb
  1. to make bankrupt
Bankrupt (noun) Definition, Meaning & Examples

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