Crossword Genius

Row right up close to boat on rocks (8)

Ross

I believe the answer is:

bankrupt

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'row right up close to boat on rocks' is the definition.
I can't judge whether this definition defines the answer.

'row right up close to boat on' is the wordplay.
'row' becomes 'bank' (I've seen this before).
'right' becomes 'r' (common abbreviation).
'close to' indicates one should take the final letters (the close/ending of).
'on' means one lot of letters go next to another.
The last letter of 'boat' is 't'.
'bank'+'r'+'up'+'t'='BANKRUPT'

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(Other definitions for bankrupt that I've seen before include "Financially 'bust'" , "Unable to pay one's debts" , "Penniless" , "on the rocks" , "Person legally declared to be unable to pay debts" .)

I've seen this clue in The Sun.
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