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Meaning of BANKRUPT

Pronunciation:  'bangkrupt

WordNet Dictionary
  1. [n]  someone who has insufficient assets to cover their debts
  2. [adj]  financially ruined; "a bankrupt company"
  3. [v]  reduce to bankruptcy; "My daughter's fancy wedding is going to break me!"

BANKRUPT is a 8 letter word that starts with B.


 Synonyms: break, insolvent, insolvent, ruin
 See Also: failure, impoverish, loser, nonstarter, unsuccessful person



Webster's 1913 Dictionary
  1. \Bank"rupt\, n. [F. banqueroute, fr. It. bancarotta
    bankruptcy; banca bank (fr. OHG. banch, G. bank, bench) +
    rotta broken, fr. L. ruptus, p. p. of rumpere to break. At
    Florence, it is said, the bankrupt had his bench ( i.e.,
    money table) broken. See 1st {Bank}, and {Rupture}, n.]
    1. (Old Eng. Low) 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. --M?Culloch.
    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.
  2. \Bank"rupt\, a.
    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.'' --Sheridan.
    {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.
  3. \Bank"rupt\, v. t. [imp. & p. p. {Bankrupted}; p. pr. &
    vb. n. {Bankrupting}.]
    To make bankrupt; to bring financial ruin upon; to
Dream Dictionary
 Definition: Dreaming that you are bankrupt indicates that you need to start take measures in protecting yourself and your resources. You may be feeling insecure.
Thesaurus Terms
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