[1] : The Collaborative International Dictionary of English v.0.48

bankrupt \bank"rupt\, a.
   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.
      1913 webster

   2. depleted of money; not having the means of meeting
      pecuniary liabilities; as, a bankrupt treasury.
      1913 webster

   3. relating to bankrupts and bankruptcy.
      1913 webster

   4. destitute of, or wholly wanting something once possessed,
      or something one should possess. "bankrupt in gratitude."
      --sheridan.
      1913 webster

   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.
      1913 webster
see also:
bankrupt law insolvent 

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