Bankrupt ( adjective , verb )

(As an adjective)

Bankrupt ( adjective )

Financially ruined and unable to pay one's debts.

Origin:

From the old italian word banca rotta, which literally means broken bench, referring to the bench or table used by medieval money changers, who would break it in public to signal that they were unable to pay their debts.

Examples:

1. The company went bankrupt and had to lay off most of its employees.
2. He became bankrupt after a series of bad business decisions.
3. The country's economy is on the brink of bankruptcy.
4. The store's bankruptcy filing was a surprise to many customers.
5. He declared himself bankrupt after losing all his savings in the stock market.

(As a verb)

Bankrupt ( verb )

Financially ruined and unable to pay one's debts.

Origin:

From the old italian word banca rotta, which literally means broken bench, referring to the bench or table used by medieval money changers, who would break it in public to signal that they were unable to pay their debts.

Examples:

1. The company went bankrupt and had to lay off most of its employees.
2. He became bankrupt after a series of bad business decisions.
3. The country's economy is on the brink of bankruptcy.
4. The store's bankruptcy filing was a surprise to many customers.
5. He declared himself bankrupt after losing all his savings in the stock market.