Basic Details
Word: Bankrupt
Part of Speech: Adjective / Verb
Meaning: When someone or something cannot pay back the money they owe; they have no money left.
Synonyms: Insolvent, ruined
Antonyms: Wealthy, solvent
Idioms and Phrases
- Go bankrupt: To become unable to pay debts. Example: "After years of poor sales, the shop had to go bankrupt."
- Bank on it: To rely on something to happen or be true. Example: "If you study hard for the test, you can bank on it that you will do well."
Usage Examples
Example 1: The company went bankrupt after failing to keep up with its debts.
Example 2: When people spend more than they earn, they may risk becoming bankrupt.
Example 3: Despite starting with a strong business plan, the restaurant became bankrupt within a year.
Fun Fact
The term "bankrupt" comes from the Italian phrase "banca rotta," which means "broken bench." This referred to a moneylender's bench being broken to indicate they could no longer lend money.
Famous Quote
"The greatest accomplishment is not in never falling, but in rising again after you fall." Vince Lombardi
Multiple Choice Questions (MCQs)
1. What does "bankrupt" mean?
a) Having a lot of money
b) Unable to pay debts
c) Owning a successful business
d) Being very rich
Answer: b) Unable to pay debts
2. Which of these is a synonym of "bankrupt"?
a) Wealthy
b) Insolvent
c) Rich
d) Successful
Answer: b) Insolvent
3. Which of the following is an antonym of "bankrupt"?
a) Broke
b) Solvent
c) Poor
d) Crushed
Answer: b) Solvent
4. Which sentence uses "bankrupt" correctly?
a) She is bankrupt because she saved a lot of money.
b) The country went bankrupt after the war.
c) He is bankrupt because he bought many new clothes.
d) The student was bankrupt for finishing his homework.
Answer: b) The country went bankrupt after the war.
5. Which idiom means that you can rely on something?
a) Go bankrupt
b) Bank on it
c) Break the bank
d) Money talks
Answer: b) Bank on it
