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go broke

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go broke

to completely run out of money and other assets. This company is going to go broke if you don't stop spending money foolishly. I made some bad investments last year, and it looks as if I may go broke this year.

See also: broke

go broke

Also, go bust. Undergo financial collapse, lose most or all of one's money. For example, The company's about to go broke, or The producer of that movie went bust. The first expression dates from the mid-1600s; the second, slangier variant dates from the mid-1800s.

See also: broke