The DICT Development Group
1 definition found
for Bankrupt law
From 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.
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."
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.
Contactemail@example.com Specification=RFC 2229