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Definition of Bankrupt
Bank´rupt | n. | 1. | (Old Eng. Law) A trader who secretes himself, or does certain other acts tending to defraud his creditors. | | 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. | | 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. | | 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). | | v. t. | 1. | To make bankrupt; to bring financial ruin upon; to impoverish. |
Related Words
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