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English definition of “bankrupt”

bankrupt

adjective  /ˈbæŋ·krəpt/ us  
without enough money to pay your debts: If I don’t find a job, I’ll be bankrupt in two months. law When a company or person is bankrupt, a court of law gives control of the finances to someone who will arrange to pay as much as possible of what is owed.
bankrupt
verb [T]  /ˈbæŋ·krəpt/ us  
The senator said the president’s plan would bankrupt the country.
(Definition of bankrupt from the Cambridge Academic Content Dictionary © Cambridge University Press)
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