Link Centre Dictionary

bankruptcy

bank·ruptcy

UK/ˈbæŋ.kɹʌp(t).si/ US/ˈbæŋkˌɹʌp(t).si/ fairly common

noun

1.

a state of complete lack of some abstract property

  • “spiritual bankruptcy”
  • “moral bankruptcy”
  • “intellectual bankruptcy”
2.

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”
Synonyms
3.

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

Origin

From bankrupt + -cy, replacing earlier bankruptship.

Phrases

  • bankruptcy order
  • belly up
  • economic downturn
  • email bankruptcy
  • financial crisis
  • moral bankruptcy
  • pre-packaged bankruptcy
  • quick bankruptcy

Related words

Word family

Broader terms

WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.