bankrupt (redirected from bankrupted)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.
bank·rupt (băngk′rŭpt′, -rəpt)

1. Law A person, business, or organization legally declared insolvent because of inability to pay debts.
2. A person who is totally lacking in a specified resource or quality: an intellectual bankrupt.
   adj.
   1.
   a. Having been legally declared insolvent.
   b. Financially ruined; impoverished.
   2.
   a. Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician.
   b. Totally depleted; destitute: was bankrupt of new ideas.
   c. Being in a ruined state: a bankrupt foreign policy.
   tr.v. bank·rupt·ed, bank·rupt·ing, bank·rupts
3. To cause to become financially bankrupt.
4. To ruin: an administration that bankrupted its credibility by seeking to manipulate the news.
   [French banqueroute, from Italian banca rotta, broken counter (from the practice of breaking the counters of bankrupt bankers) : banca, moneychanger’s table; see bank2 + rotta, feminine of rotto, past participle of rompere, to break (from Latin rumpere; see reup- in Indo-European roots).]
   American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
   bankrupt (ˈbæŋkrʌpt; -rəpt)
   n
5. (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
6. (Banking & Finance) any person unable to discharge all his or her debts
7. a person whose resources in a certain field are exhausted or nonexistent: a spiritual bankrupt.
   adj
8. (Law) adjudged insolvent
9. (Banking & Finance) financially ruined
10. depleted in resources or having completely failed: spiritually bankrupt.
11. (foll by of) Brit lacking: bankrupt of intelligence.
    vb
    (tr) to make bankrupt
    [C16: from Old French banqueroute, from Old Italian bancarotta, from banca bank1 + rotta broken, from Latin ruptus, from rumpere to break]
    Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
    bank•rupt (ˈbæŋk rʌpt, -rəpt)
    n.
12. a person who is adjudged insolvent by a court and whose property is divided among creditors under the bankruptcy laws.
13. any insolvent debtor; a person unable to satisfy any just claims made upon him or her.
14. a person lacking in a particular thing or quality: a moral bankrupt.
    adj.
15. subject to legal process because of insolvency; insolvent.
16. lacking something; bereft (usu. fol. by of or in): bankrupt of compassion.
17. pertaining to bankruptcy.
    v.t.
18. to make bankrupt.
    [1525–35; Latinization of Middle French banqueroute or Italian banca rota literally, broken bank]

Universal Law Community Trust