Source : Webster's Revised Unabridged Dictionary (1913)

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.

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

   3. Relating to bankrupts and bankruptcy.

   4. Destitute of, or wholly wanting (something once possessed,
      or something one should possess). ``Bankrupt in
      gratitude.'' --Sheridan.

   {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.