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View synonyms for bankruptcy
bankruptcy
[ bangk-ruhpt-see, -ruhp-see ]
noun
, plural bank·rupt·cies.
- the state of being or becoming bankrupt.
- utter ruin, failure, depletion, or the like.
bankruptcy
/ ˈbæŋkrʌptsɪ; -rəptsɪ /
noun
- the state, condition, or quality of being or becoming bankrupt
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Notes
If an individual or a corporation declares bankruptcy, a court will appoint an official to make an inventory of the individual's or corporation's assets and to establish a schedule by which creditors can be partially repaid what is owed them.
An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.
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Other Words From
- pre·bankrupt·cy noun plural prebankruptcies
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Word History and Origins
Origin of bankruptcy1
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