BANKRUPTCY

bankruptcy

(noun) a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

bankruptcy, failure

(noun) inability to discharge all your debts as they come due; “the company had to declare bankruptcy”; “fraudulent loans led to the failure of many banks”

bankruptcy

(noun) a state of complete lack of some abstract property; “spiritual bankruptcy”; “moral bankruptcy”; “intellectual bankruptcy”

Source: WordNet® 3.1


Etymology

Noun

bankruptcy (countable and uncountable, plural bankruptcies)

A legally declared or recognized condition of insolvency of a person or organization.

Source: Wiktionary


Bank"rupt*cy, n.; pl. Bankruptcies(

1. The state of being actually or legally bankrupt.

2. The act or process of becoming a bankrupt.

3. Complete loss; -- followed by of.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

18 April 2025

GROIN

(noun) the crease at the junction of the inner part of the thigh with the trunk together with the adjacent region and often including the external genitals


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