bankrupt

Definitions

General English

  • noun a person who cannot pay his or her debts

Accounting

  • noun (a person) who has been declared by a court not to be capable of paying his or her debts and whose affairs are put into the hands of a receiver
  • verb to make someone become bankrupt

Information & Library Science

  • adjective not having enough money to pay one’s debts

Law

  • noun someone who has been declared by a court to be not capable of paying debts and whose affairs have been put into the hands of a trustee

Politics

  • adjective referring to people that a court has decided are incapable of paying their debts and whose business is taken away from them
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