Meaning of bankrupt

bank•rupt

Pronunciation: (bangk'rupt, -rupt), [key]
— n.
  1. 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. a person who is lacking in a particular thing or quality: a moral bankrupt.
—adj.
  1. subject to or under legal process because of insolvency; insolvent.
  2. at the end of one's resources; lacking (usually fol. by of or in): bankrupt of compassion; bankrupt in good manners.
  3. pertaining to bankrupts or bankruptcy.
—v.t.
  1. to make bankrupt: His embezzlement bankrupted the company.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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