Merriam-Webster's Collegiate® Dictionary, 11th Edition
BUST
I. noun
Etymology: French buste, from Italian busto, from Latin bustum tomb
Date: 1645
a sculptured representation of the upper part of the human figure including the head and neck and usually part of the shoulders and breast, the upper part of the human torso between neck and waist,
II. verb (busted; also bust; busting)
Etymology: alteration of burst
Date: 1806
transitive verb
1. to break or smash especially with force, to bring an end to ; break up , to ruin financially, exhaust , wear out , to give a hard time to, tame , demote ,
4. slang arrest , raid , hit , slug , intransitive verb to go broke,
2. burst , break down ,
3. to lose at cards by exceeding a limit (as the count of 21 in blackjack), to fail to complete a straight or flush in poker,
III. noun
Date: 1840
1. spree , a hearty drinking session ,
2. a complete failure ; flop , a business depression, punch , sock ,
4. slang a police raid, arrest 2,
IV. adjective or busted
Date: 1837
bankrupt , broke