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Wordswarms From Years PastAdjacent WordsBankia setaceaeBanking banking company banking concern banking game Banking house banking industry Banking pin banking system banknote bankroll bankroller Bankrupt law Bankrupt-law Bankrupt-system Bankruptcies Bankruptcy Bankrupted Bankrupting Banks Banks Island Banks Islands banksia Banksia compar Banksia integrifolia Full-text Search for "Bankrupt" 1925 |
Bankrupt definitions
Webster's 1828 DictionaryBANK'RUPT, n. [Eng.rout,defeat. This WordNet (r) 3.0 (2005)adj Merriam Webster's
Oxford Reference Dictionaryadj., n., & v. --adj. 1 a insolvent; declared in law unable to pay debts. b undergoing the legal process resulting from this. 2 (often foll. by of) exhausted or drained (of some quality etc.); deficient, lacking. --n. 1 a an insolvent person whose estate is administered and disposed of for the benefit of the creditors. b an insolvent debtor. 2 a person exhausted of or deficient in a certain attribute (a moral bankrupt). --v.tr. make bankrupt. Derivatives: bankruptcy n. (pl. -ies). Etymology: 16th c.: f. It banca rotta broken bench (as BANK(2), L rumpere rupt- break), assim. to L Webster's 1913 DictionaryBankrupt Bank"rupt, v. t. [imp. & p. p. Bankrupted; p. pr. & vb. n. Bankrupting.] To make bankrupt; to bring financial ruin upon; to impoverish. Webster's 1913 DictionaryBankrupt Bank"rupt, a. 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.'' --Sheridan. 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. Webster's 1913 DictionaryBankrupt Bank"rupt, n. [F. banqueroute, fr. It. bancarotta bankruptcy; banca bank (fr. OHG. banch, G. bank, bench) + rotta broken, fr. L. ruptus, p. p. of rumpere to break. At Florence, it is said, the bankrupt had his bench ( i.e., money table) broken. See 1st Bank, and Rupture, n.] 1. (Old Eng. Low) A trader who secretes himself, or does certain other acts tending to defraud his creditors. --Blackstone. 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. --M?Culloch. 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. Collin's Cobuild Dictionary(bankrupts, bankrupting, bankrupted) 1. People or organizations that go bankrupt do not have enough money to pay their debts. (BUSINESS) If the firm cannot sell its products, it will go bankrupt... He was declared bankrupt after failing to pay a £114m loan guarantee. = insolvent ADJ 2. To bankrupt a person or organization means to make them go bankrupt. (BUSINESS) The move to the market nearly bankrupted the firm and its director... VERB: V n 3. A bankrupt is a person who has been declared bankrupt by a court of law. (BUSINESS) N-COUNT 4. If you say that something is bankrupt, you are emphasizing that it lacks any value or worth. He really thinks that European civilisation is morally bankrupt. ADJ [emphasis] Soule's Dictionary of English Synonyms
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