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Dictionary definition for: Bankrupt

1. (n) someone who has insufficient assets to cover their debts

2. (v) reduce to bankruptcy; "My daughter''s fancy wedding is going to break me!" "The slump in the financial markets smashed him"

3. (s) financially ruined; "a bankrupt company" "the company went belly-up"

WordNet 2.1 Copyright Princeton University. All rights reserved.