v. i. to approach (a counter) and stand in front of it; -- used mostly in the phrase belly up to the bar (i.e. to a counter in a saloon). [ PJC ]
, a. [ from analogy to the position of a floating dead fish. ] defunct; bankrupt; -- used mostly of commercial organizations; often used in the phrase go belly-up, i. e. to go bankrupt. [ PJC ]