belly up \bel"ly up`\, 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] belly up
belly up \bel"ly up`\, belly-up \bel"ly-up`\, 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]