act of bankruptcy

variants: or act of insolvency

Definition of act of bankruptcy

: an act specified by law as subjecting a person to be proceeded against as an involuntary bankrupt or insolvent

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First Known Use of act of bankruptcy

1766, in the meaning defined above

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The first known use of act of bankruptcy was in 1766

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Cite this Entry

“Act of bankruptcy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/act%20of%20bankruptcy. Accessed 19 Oct. 2020.

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