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- Dictionarybankrupt/ˈbaŋkrʌpt/
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" Similar Opposite
- 2. completely lacking in a particular good quality: "their cause is morally bankrupt" Similar Opposite
noun
- 1. a person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of their creditors.
verb
- 1. reduce (a person or organization) to bankruptcy: "the strike nearly bankrupted the union"
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BANKRUPT definition: 1. unable to pay what you owe, and having had control of your financial matters given, by a law…. Learn more.
The meaning of BANKRUPT is a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankruptcy laws for the benefit of the debtor's creditors.
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.
Definitions of bankrupt. adjective. financially ruined. “a bankrupt company” synonyms: belly-up. insolvent. unable to meet or discharge financial obligations. verb. reduce to bankruptcy. synonyms: break, ruin, smash. see more. noun. someone who has insufficient assets to cover their debts. synonyms: insolvent. see more. Pronunciation. US.
May 24, 2024 · Bankruptcy is a legal proceeding carried out to free individuals or businesses from their debts. Creditors still have an opportunity for repayment with the bankruptcy...
a person who upon his or her own petition or that of his or her creditors is adjudged insolvent by a court and whose property is administered for and divided among his or her creditors under a bankruptcy law. 2. any insolvent debtor; a person unable to satisfy any just claims made upon him or her. 3.
Definition of bankrupt adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Bankrupt definition: a person who upon their own petition or that of their creditors is adjudged insolvent by a court and whose property is administered for and divided among their creditors under a bankruptcy law.. See examples of BANKRUPT used in a sentence.
adjective. uk / ˈbæŋkrʌpt / us. Add to word list Add to word list. unable to continue in business because you cannot pay your debts: He went bankrupt after only a year in business. bankrupt. verb [ T ] uk / ˈbæŋkrʌpt / us. to make someone bankrupt. (Definition of bankrupt from the Cambridge Learner's Dictionary © Cambridge University Press)
BANKRUPT meaning: 1 : unable to pay debts; 2 : used to say that someone or something completely lacks a good or desired quality.
