GOING BUST Meaning and
Definition
-
Going bust is an idiomatic expression that refers to a situation wherein an individual, business, or organization fails financially, typically resulting in bankruptcy or insolvency. The phrase is often used to describe a significant loss of financial resources, leading to the collapse or closure of the entity in question.
When someone or something "goes bust," it means they have become unable to pay their debts or meet their financial obligations. This can be due to a variety of factors, such as excessive spending, mismanagement, economic downturns, or unexpected events. A company might go bust if it experiences a significant decline in sales or faces legal issues that drain its finances. Likewise, an individual may go bust if they accumulate excessive debt or experience a sudden loss of income.
Going bust is often associated with negative outcomes such as job losses, unpaid debts, and negative impacts on the economy. It can be a distressing situation for those involved, as it often results in a loss of livelihood, reputation, and financial security. In many cases, individuals or businesses that go bust may need to sell off their assets to repay creditors or may require financial assistance to recover from their financial difficulties.
Overall, "going bust" refers to a state of financial collapse or failure, often resulting in insolvency or bankruptcy, and usually accompanied by negative consequences for those involved.
Common Misspellings for GOING BUST
- foing bust
- voing bust
- boing bust
- hoing bust
- yoing bust
- toing bust
- giing bust
- gking bust
- gling bust
- gping bust
- g0ing bust
- g9ing bust
- goung bust
- gojng bust
- gokng bust
- goong bust
- go9ng bust
- go8ng bust
- goibg bust
- goimg bust
Etymology of GOING BUST
The phrase "going bust" originated from the world of gambling and specifically refers to a situation where a player loses all their money and is left with nothing. The word "bust" itself may come from the 17th-century slang "to burst", which meant to knock or damage.
In the context of gambling, "bust" began to be used to describe a player who had exceeded a certain point value in card games like blackjack, where a player loses if their hand's total exceeds 21. When a player went over this limit, they were said to have "busted" and lost the game.
Over time, the term "bust" extended beyond gambling to describe any situation where someone experiences a failure or falls into financial ruin. Therefore, "going bust" is often used to describe a business or individual that has experienced a complete collapse or failure financially.
Infographic
Add the infographic to your website:
