bankrupt
bankrupt Lexical Profile
bankrupt Game Scores & Validity
• adjective
Declared in law as unable to pay outstanding debts, or completely lacking sufficient financial resources.
"The airline went bankrupt after fuel prices surged and passenger numbers plummeted."
Completely lacking in a particular good quality, value, or resource.
"Critics argued that the administration's foreign policy was morally and intellectually bankrupt."
• verb
To reduce a person or organization to a state of financial ruin or legal insolvency.
"A series of costly lawsuits and supply chain disruptions nearly bankrupted the manufacturing firm."
• noun
A person or organization judged by a court to be unable to pay their debts, whose assets are then administered for the benefit of their creditors.
"As an undischarged bankrupt, he was legally prohibited from serving as a company director."
• Nearby Words
Word Origin & Etymology
Borrowed in the 16th century from Italian 'banca rotta', literally meaning 'broken bench', referring to the medieval custom of breaking a moneychanger's counter when they became insolvent.