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bankruptcy

bankruptcy

bankruptcy - Dictionary definition and meaning for word bankruptcy

Definition
(noun) a state of complete lack of some abstract property
Example Sentence
  • spiritual bankruptcy
  • moral bankruptcy
  • intellectual bankruptcy

Definition
(noun) inability to discharge all your debts as they come due
Synonyms : failure
Example Sentence
  • the company had to declare bankruptcy
  • fraudulent loans led to the failure of many banks

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

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