Meaning of the word bankrupt in English

What does bankrupt mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bankrupt

US /ˈbæŋ.krʌpt/

UK /ˈbæŋ.krʌpt/

a person or organization declared in law as unable to pay their debts.

Example:

•

The company went bankrupt after years of financial mismanagement.

•

He was declared bankrupt and lost all his assets.

Synonym:

insolvent ruined broke destitute impoverished

to cause (a person or organization) to become bankrupt.

Example:

•

The high legal fees could bankrupt him.

•

Their lavish spending threatened to bankrupt the family.

Synonym:

ruin impoverish destitute beggar cripple

a person or organization that is bankrupt.

Example:

•

The court appointed a trustee to manage the assets of the bankrupt.

•

The bankrupt was unable to pay his creditors.

Synonym:

insolvent debtor

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