Bankrupt: meaning, definitions and examples

๐Ÿ’ธ
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bankrupt

 

[ หˆbaล‹krสŒpt ]

Adjective / Noun
Context #1 | Adjective

financial

Having been legally declared unable to pay debts.

Synonyms

broke, insolvent, ruined

Examples of usage

  • Due to the economic crisis, many companies went bankrupt.
  • After losing his job, he was on the verge of becoming bankrupt.
  • The business was declared bankrupt by the court.
  • The family faced bankruptcy after the unexpected medical expenses.
  • The company filed for bankruptcy protection.
Context #2 | Noun

legal

A person who has been officially declared bankrupt.

Synonyms

debtor, defaulted, insolvent

Examples of usage

  • The bankrupt had to sell his assets to repay the creditors.
  • The court appointed a trustee to handle the affairs of the bankrupt.
  • Many bankrupts struggle to rebuild their financial stability.
  • The bankrupt was discharged from his debts after five years.
  • The company directors were held responsible for the bankruptcy.

Translations

Translations of the word "bankrupt" in other languages:

๐Ÿ‡ต๐Ÿ‡น falido

๐Ÿ‡ฎ๐Ÿ‡ณ เคฆเคฟเคตเคพเคฒเคฟเคฏเคพ

๐Ÿ‡ฉ๐Ÿ‡ช bankrott

๐Ÿ‡ฎ๐Ÿ‡ฉ bangkrut

๐Ÿ‡บ๐Ÿ‡ฆ ะฑะฐะฝะบั€ัƒั‚

๐Ÿ‡ต๐Ÿ‡ฑ bankrut

๐Ÿ‡ฏ๐Ÿ‡ต ็ ด็”ฃ

๐Ÿ‡ซ๐Ÿ‡ท failli

๐Ÿ‡ช๐Ÿ‡ธ quebrado

๐Ÿ‡น๐Ÿ‡ท iflas

๐Ÿ‡ฐ๐Ÿ‡ท ํŒŒ์‚ฐ

๐Ÿ‡ธ๐Ÿ‡ฆ ู…ูู„ุณ

๐Ÿ‡จ๐Ÿ‡ฟ bankrot

๐Ÿ‡ธ๐Ÿ‡ฐ bankrot

๐Ÿ‡จ๐Ÿ‡ณ ็ ดไบง

๐Ÿ‡ธ๐Ÿ‡ฎ bankrot

๐Ÿ‡ฎ๐Ÿ‡ธ gjaldรพrota

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฑะฐะฝะบั€ะพั‚

๐Ÿ‡ฌ๐Ÿ‡ช แƒ’แƒแƒ™แƒแƒขแƒ แƒ”แƒ‘แƒฃแƒšแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ mรผflis

๐Ÿ‡ฒ๐Ÿ‡ฝ quebrado

Etymology

The word 'bankrupt' originated from the Italian word 'banca rotta', which means 'broken bench'. This term was used in reference to the Medieval Italian practice of breaking a moneylender's bench when he could not pay his debts. Over time, the term evolved to signify financial insolvency or the inability to pay debts. The concept of bankruptcy has been present throughout history, with laws and procedures developed to address the financial challenges faced by individuals and businesses.

See also: banker, banknotes.

Word Frequency Rank

At #6,938 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.