Definition, Meaning & Synonyms

go-bust

verb

/ɡoʊ bʌst/

Definition

to fail financially, typically resulting in bankruptcy.

Examples

After struggling for years, the company finally decided to go-bust.
If the market doesn’t improve, many small businesses will go bust.
Investing in unstable markets can cause even the most promising ventures to go bust.

Meaning

The phrase ‘go-bust’ is often used to describe a business or individual that has lost all their money or been unable to pay debts, leading to legal proceedings or closure.