BANK'RUPT, n.

1. A trader who secretes himself, or does certain other acts tending to defraud his creditors.

2. In a less technical sense, a trader who fails or becomes unable to pay his just debts; an insolvent trader. In strictness, no person but a trader can be a bankrupt. Bankruptcy is applied to merchants and traders; insolvency, to other persons.

, v.t. To break one in trade; to make insolvent.