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Bankrupt for Dummies

noun

pronunciation: 'bæŋkrəpt

What does Bankrupt really mean?

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Bankrupt is a word that means when someone or something is no longer able to pay their debts. Imagine if you have a bank account, and you have no money left in it. That's sort of like being bankrupt, but on a much larger scale. When a person or business is bankrupt, it means they cannot pay the money they owe to others. It's like a big financial trouble that is hard to get out of. It's a serious situation and can have a big impact on a person's or a company's life.

There's also another definition of bankrupt, which refers to someone or something that is completely lacking in a particular quality or value. For example, if a basketball team is playing poorly and losing many games, you might say they are bankrupt of talent or skill. It's like they are bankrupt in that area, just like being financially bankrupt means you are lacking money.

So, when someone is bankrupt, they are unable to pay their debts, and it can be a very difficult and challenging situation for them. It's important to try and avoid getting into such a situation by managing our finances carefully and seeking help if we start to struggle with money.


Revised and Fact checked by Robert Williams on 2023-11-15 10:18:55

Bankrupt In a sentece

Learn how to use Bankrupt inside a sentece

  • After spending all of his money on unnecessary things, Peter found himself bankrupt and unable to pay his bills.
  • The company went bankrupt and had to close down their operations, leaving many employees without jobs.
  • Sheila's gambling addiction caused her to become bankrupt, as she couldn't stop spending all of her money at the casino.
  • The economic recession caused many businesses to go bankrupt, as they couldn't keep up with their expenses.
  • Despite their best efforts, the family ended up bankrupt after a series of unfortunate events left them in financial ruin.

Bankrupt Synonyms

Words that can be interchanged for the original word in the same context.

belly-up belly-up break break insolvent insolvent ruin ruin smash smash

Bankrupt Hypernyms

Words that are more generic than the original word.

failure failure impoverish impoverish loser loser nonstarter nonstarter unsuccessful person unsuccessful person

Bankrupt Similar Words

Words that similar to the original word, but are not synonyms.

insolvent insolvent