BANKRUPT (2)

bankrupt (2). Bankrupt, a. broke for debt, unable to pay

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Bank″rupt, a. 1. 1. Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.
2. 2. Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.
3. 3. Relating to bankrupts and bankruptcy.
4. 4. Destitute of, or wholly wanting (something once possessed, or something one should possess). “Bankrupt in gratitude.” Sheridan.
Bankrupt law, a law by which the property of a person who is unable or unwilling to pay his debts may be taken and distributed to his creditors, and by which a person who has made a full surrender of his property, and is free from fraud, may be discharged from the legal obligation of his debts. See Insolvent, a.