bankrupt - Definition from the ECONOMICS topic - POLITICS

Topic: ECONOMICS

bankrupt
1 adjective

bank‧rupt1 See pronunciation table in "How to use dictionary" pages

See pronunciation table in "How to use dictionary" pages

1 without enough money to pay what you owe [= insolvent]:

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The firm went bankrupt before the building work was completed.

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In 1977 he was declared bankrupt (=by a court).

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Mr Trent lost his house when he was made bankrupt.

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Seventeen years of war left the country bankrupt.

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a bankrupt electrical company

2 completely lacking a particular good quality:

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The opposition attacked the government as morally bankrupt.

Definition of bankrupt from the Longman Dictionary of Contemporary English within
the topic ECONOMICS

Explore ECONOMICS Topic

balance sheet bankrupt(a) bankrupt(v) bankrupt(n) black market boom budget capitalism capitalist cartel commodity consumer consumer goods consumption demand developed diversify downturn economic economics economist economy embargo exchange expenditure fiscal floor free trade GDP goods gross domestic product import(n) import(v) importation importer inflation International Monetary Fund labour market laissez-faire market forces market value monetary outflow peg political economy price index privatization protect protective public service real recession refund slump socioeconomic squeeze(v) squeeze(n) staple stringent subsidy surplus trough trust

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