What does "shipwreck" mean?

Additional senses

1. 2.Fig.: Destruction; ruin; irretrievable loss. Holding faith and a good conscience, which some having put away concerning faith have made shipwreck. 1 Tim.
2. 3.19. It was upon an Indian bill that the late ministry had made shipwreck. J. Morley.
3. 4.To destroy, as a ship at sea, by running ashore or on rocks or sandbanks, or by the force of wind and waves in a tempest. Shipwrecking storms and direful thunders break. Shak.
4. 5.To cause to experience shipwreck, as sailors or passengers. Hence, to cause to suffer some disaster or loss; to destroy or ruin, as if by shipwreck; to wreck; as, to shipwreck a business. Addison.