Bankrupt — Defs

01 n. A trader who secretes himself, or does certain other acts tending to defraud his creditors.

1.
A trader who secretes himself, or does certain other acts tending to defraud his creditors.(Old Eng. Law)
2.
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.
3.
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.(Law)

02 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.

1.
Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.
2.
Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.
3.
Relating to bankrupts and bankruptcy.
4.
Destitute of, or wholly wanting (something once possessed, or something one should possess).

Phrases & compounds

Bankrupt law — a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.

03 v. t. To make bankrupt; to bring financial ruin upon; to impoverish.

imp. & p. p. Bankrupted; p. pr. & vb. n. Bankrupting

1.
To make bankrupt; to bring financial ruin upon; to impoverish.