Bankrupt: meaning, definitions and examples
๐ธ
bankrupt
[ หbaลkrสpt ]
financial
Having been legally declared unable to pay debts.
Synonyms
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.
legal
A person who has been officially declared bankrupt.
Synonyms
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:
๐ต๐น falido
๐ฎ๐ณ เคฆเคฟเคตเคพเคฒเคฟเคฏเคพ
๐ฉ๐ช bankrott
๐ฎ๐ฉ bangkrut
๐บ๐ฆ ะฑะฐะฝะบััั
๐ต๐ฑ bankrut
๐ฏ๐ต ็ ด็ฃ
๐ซ๐ท failli
๐ช๐ธ quebrado
๐น๐ท iflas
๐ฐ๐ท ํ์ฐ
๐ธ๐ฆ ู ููุณ
๐จ๐ฟ bankrot
๐ธ๐ฐ bankrot
๐จ๐ณ ็ ดไบง
๐ธ๐ฎ bankrot
๐ฎ๐ธ gjaldรพrota
๐ฐ๐ฟ ะฑะฐะฝะบัะพั
๐ฌ๐ช แแแแแขแ แแแฃแแ
๐ฆ๐ฟ mรผflis
๐ฒ๐ฝ quebrado
Word origin
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.