Definition of "bankrupt"

bankrupt

/ˈbæŋ.kɹəpt/

adjective
comparative more bankrupt, superlative most bankrupt
1. (finance) In a condition of bankruptcy; unable to pay one's debts.
  Quotations
  "How did you go bankrupt?" Bill asked."Two ways," Mike said. "Gradually and then suddenly."
  1926, Ernest Hemingway, The Sun Also Rises, page 141
2. Having been legally declared insolvent.
3. Destitute of, or wholly lacking (something once possessed, or something one should possess).
  Quotations
  bankrupt in gratitude
  1715, Richard Brinsley Sheridan, The Rivals
verb
third-person singular simple present bankrupts, present participle bankrupting, simple past and past participle bankrupted
1. (transitive) To force into bankruptcy.
noun
plural bankrupts
1. One who becomes unable to pay his or her debts; an insolvent person.
2. (UK, law, obsolete) A trader who secretes himself, or does certain other acts tending to defraud his creditors.