Meaning of “basket case” in the English Dictionary

"basket case" in American English

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basket casenoun [ C usually sing ]

us /ˈbæs·kɪt ˌkeɪs/ infml

someone who is made very anxious by the demands and pressures of something, esp. work:

I was a basket case by the end of the day.

(Definition of “basket case” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"basket case" in Business English

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basket casenoun [ C ]

informal ECONOMICS, FINANCE

used especially in newspapers to describe a country, company, or organization that has very serious financial problems:

The economy was described as a basket case, with mounting debt and the highest public spending in Europe.

(Definition of “basket case” from the Cambridge Business English Dictionary © Cambridge University Press)