1 (incorrect usage) (broken) estropeado
The water heater was broke, or some damn thing, but we didn't have enough money to get a new one
if it ain't broke, don't fix it no hay que complicar las cosas or complicarse la vida sin necesidad
When I worked at Playtex and someone wanted to tinker with a proven, winning product or promotion, one of my bosses had a stock response, `If it ain't broke, don't fix it!"
2 (penniless) pelado (informal)
I'm broke estoy pelado (informal); estoy sin un duro (informal); (Esp) estoy sin un peso (informal); (LAm) to go broke arruinarse
to go for broke jugarse el todo por el todo