BANK'RUPT-LAW, noun A law, which, upon a bankrupt's surrendering all his property to commissioners for the benefit of his creditors, discharges him from the payment of his debts, and all liability to arrest or suit for the same, and secures his future acquired property from a liability to the payment of his past debts.
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Webster's Dictionary 1828
American Dictionary of the English Language, Noah Webster, 1828.