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Definition of bankrupt
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of bankrupt is as below...
Bankrupt
(a.)
Relating
to
bankrupts
and
bankruptcy.
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Bankrupted
::
Bankrupted
(imp. & p. p.) of
Bankrup.
Bankrupt
::
Bankrupt
(n.) 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..
Bankruptcy
::
Bankruptcy
(n.) The state of being
actually
or
legally
bankrupt.
Bankrupt
::
Bankrupt
(n.) 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..
Ruin
::
Ruin (n.) To bring to ruin; to cause to fall to
pieces
and
decay;
to make to
perish;
to bring to
destruction;
to bring to
poverty
or
bankruptcy;
to
impair
seriously;
to
damage
essentially;
to
overthrow.
Assets
::
Assets
(n. pl.)
Effects
of an
insolvent
debtor
or
bankrupt,
applicable
to the
payment
of
debts..
Bankrupt
::
Bankrupt
(a.) Being a
bankrupt
or in a
condition
of
bankruptcy;
unable
to pay, or
legally
discharged
from
paying,
one's
debts;
as, a
bankrupt
merchant..
Bankrupt
::
Bankrupt
(a.)
Destitute
of, or
wholly
wanting
(something
once
possessed,
or
something
one
should
possess)..
Messenger
::
Messenger
(n.) A
person
appointed
to
perform
certain
ministerial
duties
under
bankrupt
and
insolvent
laws, such as to take
charge
og the
estate
of the
bankrupt
or
insolvent..
Cessionary
::
Cessionary
(a.)
Having
surrendered
the
effects;
as, a
cessionary
bankrupt..
Whitewash
::
Whitewash
(v. t.) To make
white;
to give a fair
external
appearance
to; to clear from
imputations
or
disgrace;
hence,
to clear (a
bankrupt)
from
obligation
to pay
debts..
Assignment
::
Assignment
(n.) The
transfer
of the
property
of a
bankrupt
to
certain
persons
called
assignees,
in whom it is
vested
for the
benefit
of
creditors..
Bankruptcy
::
Bankruptcy
(n.)
Complete
loss; --
followed
by of.
Fail
::
Fail (v. i.) To
become
unable
to meet one's
engagements;
especially,
to be
unable
to pay one's debts or
discharge
one's
business
obligation;
to
become
bankrupt
or
insolvent..
Bankrupt
::
Bankrupt
(n.) A
trader
who
secretes
himself,
or does
certain
other acts
tending
to
defraud
his
creditors..
Examine
::
Examine
(v. t.) To
interrogate
as in a
judicial
proceeding;
to try or test by
question;
as, to
examine
a
witness
in order to
elicit
testimony,
a
student
to test his
qualifications,
a
bankrupt
touching
the state of his
property,
etc..
Discovery
::
Discovery
(n.) A
making
known;
revelation;
disclosure;
as, a
bankrupt
is bound to make a full
discovery
of his
assets..
Break
::
Break (v. t.) To
destroy
the
financial
credit
of; to make
bankrupt;
to ruin.
Adjudication
::
Adjudication
(n.) The
decision
upon the
question
whether
the
debtor
is a
bankrupt.
Failing
::
Failing
(n.) The act of
becoming
insolvent
of
bankrupt.
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