Reading Theme:
Bankrupt: Definition, Usage & Common Mistakes (2 meaning)
Meaning 1:financially ruined (bankrupt)
bankrupt
/ˈbæŋkrʌpt/
adj.
Describes a person or company legally declared unable to pay back the money they owe.
financially ruined
➕
/faɪˈnænʃəli ˈruːɪnd/
adj.
Describes the state of being legally insolvent, unable to pay debts.
📘 Details & Usage
📖 Root Explanation
From Italian 'banca rotta', meaning 'broken bench'.
💡 Mnemonic
Think of a BANK account that is RUPTured (broken), leading to financial failure.
📖 Example
The hundred-year-old bookstore bankrupt and closed its doors last week because too many people shop online now.
The long-established bookstore became insolvent and shut down recently as a result of the shift to online shopping.
🔗 Collocations
go bankrupt – to become officially insolvent
declare bankrupt – to be officially stated as insolvent by a court
legally bankrupt – formally recognized as insolvent under the law
🔄 Synonyms
🚫 Antonyms
🌱 Derivatives
bankruptcy (n.) – The state of being bankrupt; the legal process for it.
bankrupt (v.) – To make someone bankrupt or to become bankrupt.
📖 Cultural Story
In medieval Italy, moneychangers worked on benches. If one failed, their bench was broken ('rotta'), a public sign of insolvency. This evolved into 'bankrupt'.
Meaning 2:utterly lacking (bankrupt)
bankrupt
/ˈbæŋkrʌpt/
adj.
Used figuratively to mean completely lacking in a particular quality or resource, like ideas or morals.
utterly lacking
➕
/ˈʌtərli ˈlækɪŋ/
adj.
Describes a state of complete absence or deficiency in a non-financial quality, such as ideas, morals, or creativity.
📘 Details & Usage
📖 Example
The comedian's old jokes are bankrupt of any new ideas, so the audience doesn't laugh anymore.
The performer's routine is devoid of originality, resulting in a lack of laughter from the crowd.
🔗 Collocations
morally bankrupt – completely lacking ethical principles
bankrupt of ideas – having no new or useful thoughts
intellectually bankrupt – devoid of sound reasoning or substantial thought
🔄 Synonyms
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