Longman Dictionary of Contemporary English homepage

Date: 1500-1600
Origin: bankrupt 'bankruptcy' (16-18 centuries), from French banqueroute, from Old Italian bancarotta, from banca 'bank' + rotta 'broken'

bankrupt

3 noun
     
Related topics: Business, Economics
bankrupt3 [countable]
B someone who has officially said that they cannot pay their debts
certified/uncertified bankrupt (=one a court does or does not allow to start a business again) British English
Definition from the Longman Dictionary of Contemporary English
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