bankrupt
noun
bank·rupt
| \ ˈbaŋk-(ˌ)rəpt
\
\
Definition of bankrupt
(Entry 1 of 3)
1a
: a debtor (such as an individual or an organization) whose property is subject to voluntary or involuntary administration under the bankrupcy laws for the benefit of the debtor's creditors
b
: a person who becomes insolvent
2
: a person who is completely lacking in a particular desirable quality or attribute
a moral bankrupt
bankrupt
adjectiveDefinition of bankrupt (Entry 2 of 3)
1a
: reduced to a state of financial ruin : impoverished
specifically
: legally declared a bankrupt
the company went bankrupt
b
: of or relating to bankrupts or bankruptcy
bankrupt laws