verb (bankrupts, bankrupting, bankrupted, bankrupted)
- (transitive) To cause to become bankrupt; to make bankrupt.
Etymology: From banca rotta, which refers to an out-of-business bank, having its bench physically broken. Money lenders in Northern Italy originally did business in open areas, or big open rooms, with each lender working from his own bench or table.
- That is formally declared unable to pay its creditors.
Supplemental Details:Sponsor an extended definition for bankrupt for as little as $10 per month. Click here to contact us.
Full Definition of bankrupt