Having a certain type of bust (breasts; cleavage).
Some dolls made in Italy had eyes which could follow one about, others made of felt that had their hair dressed and dyed in grey, silver, or blonde, and wore velvet drainpipe trousers and lace brassières over their slightly busted fronts.
Broke; having no money.
I'd like to help you, but I'm busted.
simple past and past participle of bust
From bust + -ed. See bust (Etymology 1).
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