bankrott
bankrupt
Wenn jemand oder eine Firma kein Geld mehr hat und Rechnungen nicht mehr bezahlen kann.
Definition & meaning
The term bankrott describes a state of financial collapse. It refers to a person, company, or entity that is unable to pay its debts or fulfill its financial obligations.
- Financial insolvency: Being completely out of money and unable to pay creditors.
- Figurative sense: A total failure or the exhaustion of resources in a non-monetary context (e.g., "moral bankrott" refers to moral bankruptcy).
Grammar & Word origin
Grammar:
- Adjective/Adverb: bankrott
- It is often used in combination with the verb "sein" (to be) or "gehen" (to go).
- Example: "Die Firma ist bankrott." (The company is bankrupt.) or "Die Firma ist bankrottgegangen." (The company went bankrupt.)
Word origin: The word originates from the Italian term "banca rotta," which literally means "broken bench." Historically, in the markets of Renaissance Italy, money changers conducted business on benches. If a money changer could no longer pay their debts, their bench was physically broken by the authorities to signify their insolvency and to prevent them from conducting further business.
Synonyms & antonyms
Synonyms:
Antonyms:
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Examples
Das Geschäft ist bankrott gegangen.adjective
The business has gone bankrupt.
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