adj., n., & v.
adj. 1 a insolvent; declared in law unable to pay debts. b undergoing the legal process resulting from this. 2 (often foll. by of) exhausted or drained (of some quality etc.); deficient, lacking.
n. 1 a an insolvent person whose estate is administered and disposed of for the benefit of the creditors. b an insolvent debtor. 2 a person exhausted of or deficient in a certain attribute (a moral bankrupt).
v.tr. make bankrupt. bankruptcy n. (pl. -ies).
[ 16th c.: f. It banca rotta broken bench (as BANK(2), L rumpere rupt- break), assim. to L ]