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bankrupt

Pronunciation: /ˈbaŋkrʌpt/

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Definition of bankrupt

adjective

1(of a person or organization) declared in law as unable to pay their debts:his father went bankrupt and the family had to sell their home
impoverished or depleted:a bankrupt country with no natural resources

2completely lacking in a particular good quality:their cause is morally bankrupt

noun

a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of their creditors.

verb

[with object]

reduce (a person or organization) to bankruptcy:the strike nearly bankrupted the union

Origin:

mid 16th century: from Italian banca rotta 'broken bench', from banca (see bank²) and rompere 'to break'. The change in the ending was due to association with Latin rupt- 'broken'

bankrupt in other Oxford dictionaries

Definition of bankrupt in the US English dictionary

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