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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.) Being a
bankrupt
or in a
condition
of
bankruptcy;
unable
to pay, or
legally
discharged
from
paying,
one's
debts;
as, a
bankrupt
merchant..
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Bankruptcy
::
Bankruptcy
(n.) The act or
process
of
becoming
a
bankrupt.
Dividend
::
Dividend
(n.) A sum of money to be
divided
and
distributed;
the share of a sum
divided
that falls to each
individual;
a
distribute
sum,
share,
or
percentage;
--
applied
to the
profits
as
appropriated
among
shareholders,
and to
assets
as
apportioned
among
creditors;
as, the
dividend
of a bank, a
railway
corporation,
or a
bankrupt
estate..
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..
Adjudication
::
Adjudication
(n.) The
decision
upon the
question
whether
the
debtor
is a
bankrupt.
Bankrupt
::
Bankrupt
(a.)
Destitute
of, or
wholly
wanting
(something
once
possessed,
or
something
one
should
possess)..
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.
Discovery
::
Discovery
(n.) A
making
known;
revelation;
disclosure;
as, a
bankrupt
is bound to make a full
discovery
of his
assets..
Smash
::
Smash (n.)
Hence,
bankruptcy..
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..
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..
Failure
::
Failure
(n.) A
becoming
insolvent;
bankruptcy;
suspension
of
payment;
as,
failure
in
business..
Break
::
Break (v. t.) To
destroy
the
financial
credit
of; to make
bankrupt;
to ruin.
Break
::
Break (v. i.) To fall in
business;
to
become
bankrupt.
Bankrupt
::
Bankrupt
(n.) A
trader
who
secretes
himself,
or does
certain
other acts
tending
to
defraud
his
creditors..
Assignee
::
Assignee
(v.) In
England,
the
persons
appointed,
under a
commission
of
bankruptcy,
to
manage
the
estate
of a
bankrupt
for the
benefit
of his
creditors..
Gazette
::
Gazette
(v. t.) To
announce
or
publish
in a
gazette;
to
announce
officially,
as an
appointment,
or a case of
bankruptcy..
Bankrupted
::
Bankrupted
(imp. & p. p.) of
Bankrup.
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..
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..
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..
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