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Meaning & Definition of Bankrupt in English

English

Bankrupt

/bæŋkrəpt/

noun

1. Someone who has insufficient assets to cover their debts

synonym:
  • bankrupt,
  • insolvent

verb

1. Reduce to bankruptcy

  • "My daughter's fancy wedding is going to break me!"
  • "The slump in the financial markets smashed him"
synonym:
  • bankrupt,
  • ruin,
  • break,
  • smash

adjective

1. Financially ruined

  • "A bankrupt company"
  • "The company went belly-up"
synonym:
  • bankrupt,
  • belly-up(p)

Examples of using

He was declared bankrupt.
It is true that he went bankrupt.
The nation's finances are bankrupt because of the war.