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Definition |
to fail financially or to go bankrupt |
Examples |
1) The company went bust after a
series of financial problems.
2) The investor lost everything when the company
went bust. |
Etymology |
It is believed to be derived from the
phrase "go to the bust," which meant to go to prison. It was
used because bankruptcy was often seen as a form of social disgrace. |
Synonyms |
Go under, declare insolvency, liquidate |
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