Pronunciation: /ˈbæŋkrəpt/

Definitions of bankrupt

verb to declare (a person or organization) as unable to pay outstanding debts

Example Sentences

A1 The company went bankrupt and had to close down.

A2 After years of poor financial management, the business eventually went bankrupt.

B1 The family business was on the verge of bankruptcy before they managed to turn things around.

B2 The CEO's risky investments ultimately bankrupted the company.

C1 The fraudulent activities of the executives led to the company being declared bankrupt.

C2 The reckless spending habits of the board members bankrupted the once-thriving organization.

adjective having been declared in law unable to pay outstanding debts

Example Sentences

A1 The company went bankrupt and had to close down.

A2 After losing all his money in the stock market, he was declared bankrupt.

B1 The bankrupt business was unable to pay its creditors.

B2 The once successful entrepreneur found himself bankrupt due to poor financial decisions.

C1 The company's bankruptcy was a result of mismanagement and corruption.

C2 Despite being bankrupt, the CEO managed to turn the company around and make it profitable again.

Examples of bankrupt in a Sentence

formal The company declared bankruptcy after years of financial struggle.

informal I heard that they went bankrupt and had to close down the business.

slang They were so broke, they ended up going bust.

figurative His reckless behavior left him morally bankrupt.

Grammatical Forms of bankrupt

past tense

bankrupted

plural

bankrupts

comparative

more bankrupt

superlative

most bankrupt

present tense

bankrupt

future tense

will bankrupt

perfect tense

have bankrupted

continuous tense

is bankrupting

singular

bankrupt

positive degree

bankrupt

infinitive

bankrupt

gerund

bankrupting

participle

bankrupted

Origin and Evolution of bankrupt

First Known Use: 1530 year
Language of Origin: Italian
Story behind the word: The word 'bankrupt' originated from the Italian phrase 'banca rotta' which means 'broken bench'.
Evolution of the word: Originally used to describe a person who could not pay their debts and had to break their bench (banca rotta), the term 'bankrupt' has evolved to refer to a person or entity that is unable to meet financial obligations and has been legally declared insolvent.