—adj.
1 a insolvent; declared in law unable to pay debts. b undergoing the legal process resulting from this.
2 (often foll. by of) exhausted or drained (of some quality etc.); deficient, lacking.
—n.
1 a an insolvent person whose estate is administered and disposed of for the benefit of the creditors. b an insolvent debtor.
2 a person exhausted of or deficient in a certain attribute (a moral bankrupt).
—v.tr. make bankrupt.
Derivatives:
bankruptcy n. (pl. -ies).
Etymology: 16th c.: f. It banca rotta broken bench (as BANK(2), L rumpere rupt- break), assim. to L
Useful english dictionary. 2012.