To no longer have any money. I'm going to go broke if I have to pay any more medical bills this month! I'm surprised his business went broke—I really thought it was poised for success.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
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.
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.