Bankrupt

Part of speech: noun (n.)

1. A trader who secretes himself, or does certain other acts tending to defraud his creditors. Blackstone.

2. A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person. M

3. A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities.

Part of speech: verb (v.)

To make bankrupt; to bring financial ruin upon; to impoverish.

Part of speech: adjective (a.)

1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.

2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.

3. Relating to bankrupts and bankruptcy.

4. Destitute of, or wholly wanting (something once possessed, or something one should possess). "Bankrupt in gratitude." Sheridan. Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.