bankrupt
bank
ˈbænk
bānk
rupt
rəpt
rēpt
British pronunciation
/bˈæŋkɹʌpt/

Definition & Meaning of "bankrupt"in English

to bankrupt
01

to cause a person or organization to become legally unable to pay debts

example
Examples
Poor sales bankrupted the family business within a year.
bankrupt
01

(of organizations or people) legally declared as unable to pay their debts to creditors

example
Examples
After years of financial mismanagement, the business went bankrupt.
Bankrupt
01

a person or organization that has been legally declared unable to pay their debts

example
Examples
After the failed business venture, he was declared a bankrupt.
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