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bankruptcy

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noun bank·rupt·cy \ˈbaŋk-(ˌ)rəp(t)-sē\

Simple Definition of bankruptcy

  • : the condition of being bankrupt : a condition of financial failure caused by not having the money that you need to pay your debts

  • : an occurrence in which a person, business, etc., goes bankrupt

  • : the condition of completely lacking a good or desired quality

Full Definition of bankruptcy

plural bank·rupt·cies

  1. 1 :  the quality or state of being bankrupt

  2. 2 :  utter failure or impoverishment

Examples of bankruptcy

  1. The company is facing bankruptcy.

  2. The company was forced into bankruptcy.

  3. The number of bankruptcies was especially high last year.

  4. Critics view the decision as an example of moral bankruptcy on the part of the administration.



1700

First Known Use of bankruptcy

1700



BANKRUPTCY Defined for Kids

bankruptcy

play
noun bank·rupt·cy \ˈbaŋk-ˌrəpt-sē\

Definition of bankruptcy

plural bank·rupt·cies

  1. :  the state of not having enough money to pay debts <The company faces bankruptcy.>





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