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bankrupt,adj. Indebted beyond the means of payment; insolvent. — Also spelled (archaically) bankerout; bankrout. — bankrupt,vb. bankrupt,n.1. A person who cannot meet current financial obligations; an insolvent person. • This term was used in bankruptcy statutes until 1979, and is still commonly used by nonbankruptcy courts. But the Bankruptcy Code uses debtor instead of bankrupt.…

Bankr. Rep.abbr.Bankruptcy Reporter. — Also abbreviated B.R.[Blacks Law 8th]

bank rate.See INTEREST RATE.[Blacks Law 8th]

banknote. A bank-issued promissory note that is payable to bearer on demand and that may circulate as money. — Also written bank note. — Also termed bank bill. [Cases: Banks and Banking  196–212. C.J.S. Banks and Banking § 250.] spurious banknote. 1. A banknote that is legitimately made from a genuine plate but that has…

bank night.A lottery in which a prize is awarded to a person (often a theater patron) whose name is drawn randomly from a hopper. [Cases: Lotteries  3. C.J.S. Lotteries §§ 2–7, 11.][Blacks Law 8th]

PRO.abbr.PEER-REVIEW ORGANIZATION. pro (proh). [Latin] For. [Blacks Law 8th]

PRM.abbr.BUREAU OF POPULATION, REFUGEES, AND MIGRATION. [Blacks Law 8th]

prize money. 1. A dividend from the proceeds of a captured vessel, paid to the captors. 2. Money offered as an award. [Blacks Law 8th]

prize law. The system of laws applicable to the capture of prize at sea, dealing with such matters as the rights of captors and the distribution of the proceeds. [Cases: War and National Emergency 28. C.J.S. War and National Defense §§ 29–32, 34–45.] [Blacks Law 8th]

prize goods. See GOODS. [Blacks Law 8th]