bankrupt in English
- bankrupt⇄adj. 1. unable to pay one's debts, especially when declared legally unable to do so.
Ex. After his store burned, the shopkeeper was bankrupt.
(SYN) insolvent.
2. (Figurative.) at the end of one's resources; destitute.
Ex. I find - bankrupt⇄bankrupt, adjective, verb, noun.
- bankrupt⇄noun 1a. a person who is declared by a court of law to be unable to pay his debts and whose property is distributed as far as it will go among the people to whom he owes money.
b. a person who is unable to pay his debts.
2. a person who is - bankrupt⇄v.t. to make bankrupt.
Ex. Foolish expenditures will bankrupt him.
(SYN) impoverish.
bankrupt in Gujarati ગુજરાતી
bankrupt in Hindi हिन्दी
bankrupt in Sindhi سنڌي
bankrupt in Tamil தமிழ்
bankrupt in Telugu తెలుగు
Bankrupt
Part of Speech
Adjective, Verb, Noun
Pronunciation
/ˈbæŋkrʌpt/
Definitions
- Adjective: Financially ruined; unable to pay debts and legally declared insolvent.
- Verb: To declare someone or something financially ruined or insolvent.
- Noun: A person or entity who has been legally declared financially insolvent.
Usage Examples
- The company was declared bankrupt after failing to meet its financial obligations.
- He went bankrupt after losing a significant amount of money in a bad investment.
- They were forced into bankruptcy after their debts exceeded their assets.
Etymology
The word "bankrupt" comes from the Italian term "banca rotta," meaning "broken bench." This term referred to the practice of moneylenders in Italy who would have their benches broken when they went out of business, symbolizing their financial ruin. The term evolved in English and came to signify the legal state of being unable to repay debts.
Synonyms
- Insolvent
- Defunct
- Bankrupt
- Financially ruined
- Broke
Antonyms
- Solvent
- Prosperous
- Wealthy
- Affluent
Translations
| Language | Translation | Pronunciation |
|---|---|---|
| English | Bankrupt | /ˈbæŋkrʌpt/ |
| Spanish | En bancarrota | En ban-ka-ro-ta |
| French | Faillite | Fah-yeet |
| German | Pleite | Ply-tuh |
| Italian | Fallimento | Fah-lee-men-toh |
| Portuguese | Falido | Fah-lee-doo |
| Chinese | 破产 | Pòchǎn |
| Russian | Банкрот | Bankrot |
| Arabic | إفلاس | Iflas |
| Hindi | दिवालिया | Divaliya |
| Bengali | দেউলিয়া | Deuliya |
| Punjabi | ਦੀਵਾਲੀਆ | Deewaliya |
| Marathi | दिवाळखोरी | Divāḷkhorī |
| Gujarati | દિવાળી | Divālī |
| Telugu | దివాలియా | Divāliyā |
| Tamil | திரவியம் | Thiraviyam |
| Kannada | ದಿವಾಳಿಯಾ | Divāliya |
| Malayalam | ദിവാലിയാ | Divāliā |
Regional Pronunciation Variations
The pronunciation of "bankrupt" may vary slightly based on regional accents, particularly in non-native English-speaking countries. In the UK, it may sound more like /ˈbæŋkrʌpt/, while in American English, the pronunciation is quite similar but tends to be more relaxed.
Historical Usage
The word "bankrupt" was first used in the 16th century. Initially, it referred to a moneylender’s broken bench (or “banca rotta”) in Italy. Over time, the term became more broadly used to describe anyone who was financially insolvent or incapable of meeting their financial obligations.
Cultural Nuances
The concept of bankruptcy is culturally significant, often seen as a form of failure, but in modern times, it can also be viewed as a legal process to resolve financial difficulties and provide a fresh start. In some cultures, bankruptcy carries a significant social stigma, while in others, it is more of a financial reset mechanism.
More Information
Bankruptcy is a legal process that individuals or businesses undergo when they are unable to repay their outstanding debts. There are various forms of bankruptcy, including Chapter 7 and Chapter 13 in the United States, each offering different outcomes. The bankruptcy process allows for the fair distribution of assets among creditors and provides a means of financial relief for the debtor. However, it often comes with long-term consequences, such as a damaged credit score and difficulty obtaining future credit.