bankrupt

From Italian banca rotta, which refers to an out-of-business bank, having its bench physically broken. When a moneylender in Northern Italy became insolvent, they would break the bench they worked from to signify that they were no longer in business. (Can this⁽⁺⁾ etymology be sourced?)

• (UK) IPA^(key): /ˈbæŋ.kɹəpt/, /ˈbæŋ.kɹʌpt/
• (US) IPA^(key): /ˈbæŋk.ɹəpt/, /ˈbæŋk.ɹʌpt/

• Audio (UK)

  (file)

• Rhymes: -æŋkɹəpt, -æŋkɹʌpt

bankrupt (comparative more bankrupt, superlative most bankrupt)

1. (finance) In a condition of bankruptcy; unable to pay one's debts.
   • 1926, Ernest Hemingway, The Sun Also Rises, p. 141:

     "How did you go bankrupt?" Bill asked.
     "Two ways," Mike said. "Gradually and then suddenly."

   a bankrupt merchant

2. Having been legally declared insolvent.
3. Destitute of, or wholly lacking (something once possessed, or something one should possess).

   a morally bankrupt politician

   • 1715, Richard Brinsley Sheridan, The Rivals:

     bankrupt in gratitude

• See Thesaurus:impoverished

• bankrupt cart
• bankruptcy
• go bankrupt
• morally bankrupt

• defunct
• illiquid
• insolvent

bankrupt (third-person singular simple present bankrupts, present participle bankrupting, simple past and past participle bankrupted)

1. (transitive) To force into bankruptcy.

bankrupt (plural bankrupts)

1. One who becomes unable to pay his or her debts; an insolvent person.
2. (UK, law, obsolete) A trader who secretes himself, or does certain other acts tending to defraud his creditors.

• Michael Quinion (2004), “Bankrupt”, in Ballyhoo, Buckaroo, and Spuds: Ingenious Tales of Words and Their Origins, Washington, D.C.: Smithsonian Books in association with Penguin Books, →ISBN.
• bankrupt in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913