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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



... Durand. "My mother," said she, "kept a large grocer's shop, and my father was a man of some consequence; he belonged to the Six Corps, and that, as everybody knows, is an excellent thing. He was twice very near being head-bailiff." Her mother had become bankrupt at her father's death, but the Count had come to her assistance, and settled upon her fifteen hundred francs a year, besides giving her six thousand francs down. On the sixth day, she was brought to bed, and, according to my instructions, ...
— The Memoirs of Louis XV. and XVI., Volume 1 • Madame du Hausset, and of an Unknown English Girl and the Princess Lamballe

... of William of Lorris and the advent of John of Meung, a short half-century (1250-1300), the Woman and the Rose became bankrupt. Satire took the place of worship. Man, with his usual monkey-like malice, took pleasure in pulling down what he had built up. The Frenchman had made what he called "fausse route." William of Lorris was first to see it, and say it, with more sadness and less bitterness than Villon ...
— Mont-Saint-Michel and Chartres • Henry Adams

... wardrobe, for some garment or touch of colour, novelty of any sort, to help her. But she had tried them all—those little tricks—was bankrupt. And such a discouraged, heavy mood came on her, that she did not even "change," but went back in her nurse's dress and lay down on the divan, pretending to sleep, while the maid set out the supper. She lay there moody and motionless, trying to summon ...
— Forsyte Saga • John Galsworthy

... colonized it, back at the end of the Fourth Century A.E., went bankrupt in ten years, and it wouldn't have taken that long if communication between Terra and Fenris hadn't been a matter of six months each way. When the smash finally came, two hundred and fifty thousand colonists were left stranded. They lost everything they'd put into the company, which, for most ...
— Four-Day Planet • Henry Beam Piper

... to the porters not to admit him again. About two o'clock on a subsequent night, which happened to be Saturday, he sought admittance, and was refused. A warm altercation ensued in the passage between him and the porters, which brought down some of the proprietors. One of them—a powerful man—a bankrupt butcher—struck him a tremendous blow, which broke the bridge of his nose, covered his face with blood, and knocked him down. On getting up he was knocked down again. He arose once more, and instantly received another ...
— The Gaming Table: Its Votaries and Victims - Volume II (of II) • Andrew Steinmetz


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