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bankruptcy

[bangk-ruhpt-see, -ruh p-see] /ˈbæŋk rʌpt si, -rəp si/
noun, plural bankruptcies.
1.
the state of being or becoming bankrupt.
2.
utter ruin, failure, depletion, or the like.
Origin
1690-1700
1690-1700; bankrupt + -cy
Related forms
prebankruptcy, noun, plural prebankruptcies.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for bankruptcy
  • File for bankruptcy while still using your existing name so that all your debts will be forgiven before the name change.
  • Countries, unlike companies, cannot seek the protection of a bankruptcy court.
  • Long before the towers came tumbling down, the airline industry was on a power dive into bankruptcy.
  • Capitalism is faced with the bankruptcy of its contradictions.
  • He blamed the company's bankruptcy on a combination of old-school record industry ways and new-school misplaced optimism.
  • Something needs to be done about the bankruptcy laws and student loans.
  • bankruptcy being defined as default on its financial obligations.
  • One has already declared bankruptcy twice and the other had his hours cut and may be losing his house.
  • But the company's bankruptcy was seen as the end of the road for the robot.
  • There are nations near bankruptcy and nuclear weapons.
British Dictionary definitions for bankruptcy

bankruptcy

/ˈbæŋkrʌptsɪ; -rəptsɪ/
noun (pl) -cies
1.
the state, condition, or quality of being or becoming bankrupt
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for bankruptcy
n.

1700, from bankrupt, "probably on the analogy of insolvency, but with -t erroneously retained in spelling, instead of being merged in the suffix ...." [OED]. Figurative use from 1761.

Online Etymology Dictionary, © 2010 Douglas Harper
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bankruptcy in Culture

bankruptcy definition


Legally declared insolvency, or inability to pay creditors.

Note: 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.
Note: An individual who is lacking a specific resource or quality is sometimes said to be bankrupt, as in intellectually bankrupt or morally bankrupt.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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