go bust Definition

bust² (colloq)
verb bust, busted, busting

tr & intr
1. To break or burst.
2. Said of the police: to arrest someone.

Example: He was busted for possession of marijuana
3. To raid or search someone or somewhere (especially in a search for illegal drugs).

Example: The club was busted last night
(N Amer)
4. usually military.
To demote.

noun

1. A police raid.
2. A drinking bout; a spree.

adj

colloq:
1. Broken or burst.
2. Having no money left; bankrupt or ruined.

Idiom: go bust

colloq
To go bankrupt.

Etymology: 19c: colloquial form of burst.