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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
(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..
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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..
Break
::
Break (v. i.) To fall in
business;
to
become
bankrupt.
Bankruptcy
::
Bankruptcy
(n.) The state of being
actually
or
legally
bankrupt.
Adjudication
::
Adjudication
(n.) The
decision
upon the
question
whether
the
debtor
is a
bankrupt.
Bankrupt
::
Bankrupt
(v. t.) To make
bankrupt;
to bring
financial
ruin upon; to
impoverish.
Assets
::
Assets
(n. pl.)
Effects
of an
insolvent
debtor
or
bankrupt,
applicable
to the
payment
of
debts..
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..
Break
::
Break (v. t.) To
destroy
the
financial
credit
of; to make
bankrupt;
to ruin.
Assignee
::
Assignee
(v.) A
person
to whom an
assignment
is made; a
person
appointed
or
deputed
by
another
to do some act,
perform
some
business,
or enjoy some
right,
privilege,
or
property;
as, an
assignee
of a
bankrupt.
See
Assignment
(c). An
assignee
may be by
special
appointment
or deed, or be
created
by jaw; as an
executor..
Discovery
::
Discovery
(n.) A
making
known;
revelation;
disclosure;
as, a
bankrupt
is bound to make a full
discovery
of his
assets..
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..
Gazette
::
Gazette
(v. t.) To
announce
or
publish
in a
gazette;
to
announce
officially,
as an
appointment,
or a case of
bankruptcy..
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.
Bankruptcies
::
Bankruptcies
(pl. ) of
Bankruptc.
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
(a.)
Relating
to
bankrupts
and
bankruptcy.
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..
Failure
::
Failure
(n.) A
becoming
insolvent;
bankruptcy;
suspension
of
payment;
as,
failure
in
business..
Bankrupted
::
Bankrupted
(imp. & p. p.) of
Bankrup.
Bankrupt
::
Bankrupt
(a.)
Destitute
of, or
wholly
wanting
(something
once
possessed,
or
something
one
should
possess)..
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