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- Dictionarybank·rupt/ˈbaNGkrəpt/
adjective
- 1. (of a person or organization) declared in law unable to pay outstanding debts: "his father went bankrupt and the family had to sell their home" Similar Opposite
- 2. completely lacking in a particular quality or value: "their cause is morally bankrupt" Similar Opposite
noun
- 1. a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of creditors.
verb
- 1. reduce (a person or organization) to bankruptcy: "the strike nearly bankrupted the union"
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The meaning of BANKRUPT is a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors.
C1. unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts: He went bankrupt after only a year in business. The recession has led to many small businesses going bankrupt. informal. having no money:
n. 1. (Law) 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. (Banking & Finance) any person unable to discharge all his or her debts.
Bankrupt definition: A person, business, or organization legally declared insolvent because of inability to pay debts.
May 24, 2024 · Bankruptcy is a legal proceeding carried out to free individuals or businesses from their debts. Creditors still have an opportunity for repayment with the bankruptcy...
A bankrupt is a person who has been declared bankrupt by a court of law. [ business ] Synonyms: bankrupt person , debtor , insolvent More Synonyms of bankrupt
Definitions of bankrupt. adjective. financially ruined. “a bankrupt company” synonyms: belly-up. insolvent. unable to meet or discharge financial obligations. verb. reduce to bankruptcy. synonyms: break, ruin, smash. see more. noun. someone who has insufficient assets to cover their debts. synonyms: insolvent. see more. Pronunciation. US.
bankrupt (of something) (formal, disapproving) having absolutely nothing of any value. a government bankrupt of new ideas; a society that is morally bankrupt
bankrupt. / ˈbæŋkrʌpt; -rəpt / noun. a person adjudged insolvent by a court, his or her property being transferred to a trustee and administered for the benefit of his creditors. any person unable to discharge all his or her debts. a person whose resources in a certain field are exhausted or nonexistent. a spiritual bankrupt. adjective.
BANKRUPT meaning: 1 : unable to pay debts; 2 : used to say that someone or something completely lacks a good or desired quality.