What does bankrupt mean?

Looking for the meaning or definition of the word bankrupt? Here's what it means.

Adjective
  1. In a condition of bankruptcy; unable to pay one's debts.
  2. Having been legally declared insolvent.
  3. Destitute of, or wholly lacking (something once possessed, or something one should possess).
Verb
  1. (transitive) To force into bankruptcy.
Noun
  1. One who becomes unable to pay his or her debts; an insolvent person.
  2. (Britain, law, obsolete) A trader who secretes himself, or does certain other acts tending to defraud his creditors.
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