Definition of “bankrupt” - English Dictionary

“bankrupt” in British English

See all translations

bankruptadjective

uk /ˈbæŋ.krʌpt/ us /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.

informal having no money:

I'll go bankrupt if you kids keep asking me for money!

disapproving not having any good qualities:

He believes that modern society is morally bankrupt.

More examples

bankruptnoun [ C ]

uk /ˈbæŋ.krʌpt/ us /ˈbæŋ.krʌpt/ specialized

a person who is officially bankrupt:

He was declared a bankrupt in 2011.

bankruptverb [ T ]

uk /ˈbæŋ.krʌpt/ us /ˈbæŋ.krʌpt/

to cause someone to become bankrupt:

They feared that the loss would bankrupt them.

(Definition of “bankrupt” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“bankrupt” in American English

See all translations

bankruptadjective

us /ˈbæŋ·krəpt/

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 ] us /ˈbæŋ·krəpt/

The senator said the president’s plan would bankrupt the country.

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

“bankrupt” in Business English

See all translations

bankruptadjective

uk /ˈbæŋkrʌpt/ us LAW, FINANCE

unable to pay what you owe, and having control of your financial matters given, by a court of law, to a person who sells your property to pay your debts:

be/go bankrupt He went bankrupt after only a year in business.
declare sb bankrupt She was officially declared bankrupt last week.

bankruptnoun [ C ]

uk /ˈbæŋkrʌpt/ us LAW, FINANCE

a person who is officially bankrupt:

He was declared a bankrupt in 2007.

bankruptverb [ T ]

uk /ˈbæŋkrʌpt/ us LAW, FINANCE

to cause someone to become bankrupt:

They feared that the losses they had sustained in the hurricane would bankrupt them.

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