Dictionary

bankruptcy

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

: 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

plural bank·rupt·cies

Full Definition of BANKRUPTCY

1
:  the quality or state of being bankrupt
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.

First Known Use of BANKRUPTCY

1700

Related to BANKRUPTCY

Other Legal Terms

actionable, alienable, carceral, chattel, complicity, decedent, larceny, malfeasance, modus operandi
BANKRUPTCY Defined for Kids

bankruptcy

noun bank·rupt·cy \ˈbaŋk-ˌrəpt-sē\
plural bank·rupt·cies

Definition of BANKRUPTCY for Kids

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

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July 06, 2015
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