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.
Derivatives:
bankruptcy n. (pl. -ies).
Etymology: 16th c.: f. It banca rotta broken bench (as BANK(2), L rumpere rupt- break), assim. to L