GOING BROKE Meaning and
Definition
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"Going broke" is an idiomatic expression that refers to a financial state where an individual, a business, or an entity has reached a point of insolvency or inability to continue meeting financial obligations. It signifies a severe loss of funds or financial resources, resulting in an individual or organization being unable to cover expenses or debts, and often leads to financial ruin or bankruptcy.
When an individual or business is going broke, it implies that they are facing dire financial circumstances and are struggling to maintain their day-to-day operations. This can occur due to a variety of reasons, such as excessive spending, mismanagement of funds, economic downturns, unexpected expenses, or poor financial planning.
The term "going broke" signifies a more severe condition than simply experiencing financial difficulties. It implies that the situation has escalated to a critical point where the entity has depleted its financial reserves, exhausted available credit, and lacks the means to meet financial obligations in the future. Going broke often entails the inability to pay bills, outstanding debts, employee wages, or even basic necessities.
In summary, "going broke" refers to the unfortunate state of financial insolvency where an individual, business, or entity has lost all or a significant portion of their financial resources, leading to an inability to meet financial obligations, and often necessitating drastic measures or financial restructuring to recover from such dire financial circumstances.
Common Misspellings for GOING BROKE
- foing broke
- voing broke
- boing broke
- hoing broke
- yoing broke
- toing broke
- giing broke
- gking broke
- gling broke
- gping broke
- g0ing broke
- g9ing broke
- goung broke
- gojng broke
- gokng broke
- goong broke
- go9ng broke
- go8ng broke
- goibg broke
- goimg broke
Etymology of GOING BROKE
The phrase "going broke" originated in the mid-19th century in the United States.
The term "broke" itself comes from a verb form of the word "break", meaning "to be left with nothing, to be bankrupt, to have one's financial resources completely depleted". This usage of "broke" dates back to the late 18th century. The term likely evolved from the idea that financial difficulties can "break" a person's financial stability or resources.
The addition of "going" in the phrase "going broke" simply signifies the ongoing process or progression of becoming bankrupt or financially depleted. It suggests that someone's financial situation is continuously deteriorating or heading towards complete financial ruin. The expression is commonly used to describe individuals or businesses that are facing serious financial problems or insolvency.
