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English definition of “bankrupt”

bankrupt

adjective     /ˈbæŋ.krʌpt/
C1 unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts: He went bankrupt after only a year in business. The recession has led to many small businesses going bankrupt.Poverty and poor informal having no money: I shall go bankrupt if you children keep on asking for more pocket money!Poverty and poor disapproving not having any good qualities: He believes that modern society is morally bankrupt.Lacking thingsScarce, inadequate and not enoughEssential or necessary
(Definition of bankrupt adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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