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Word of the Day - Bankrupt

bank·rupt
[bangk-ruhpt, -ruh pt]

–noun
1.Law . a person who upon his or her own petition or that of his or her creditors is adjudged insolvent by a court and whose property is administered for and divided among his or her creditors under a bankruptcy  law.

2.any insolvent debtor; a person unable to satisfy any just claims made upon him or her.

3.a person who is lacking in a particular thing or quality: a moral bankrupt.

–adjective
4.Law . subject to or under legal process because of insolvency; insolvent.

5.at the end of one’s resources; lacking (usually followed by of  or in ): bankrupt of compassion; bankrupt in good manners.

6.pertaining to bankrupts or bankruptcy.

–verb (used with object)
7.to make bankrupt: His embezzlement bankrupted the company.