bankrupt
Translation
bankrupt, insolvent
Examples
The company went bankrupt last year.
The company went bankrupt last year.
He was declared bankrupt after his business failed.
He was declared bankrupt after his business failed.
Grammar Patterns
to be/go/become bankrupt to be legally declared unable to pay debts The company went bankrupt last year.
Similar Words
Synonyms: insolvent, broke; Antonyms: solvent, wealthy
Etymology
From Italian 'banca rotta', meaning 'broken bench', from the practice of breaking a money changer's bench if they went out of business.
Memory Tips
Picture a 'broken bench' ('banca rotta') to remember being financially broken.