English dictionary



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English noun: bankruptcy

1. bankruptcy (state) a state of complete lack of some abstract property


SamplesSpiritual bankruptcy.
Moral bankruptcy.
Intellectual bankruptcy.


Broader (hypernym)failure

2. bankruptcy (state) inability to discharge all your debts as they come due


SamplesThe company had to declare bankruptcy.
Fraudulent loans led to the failure of many banks.


Synonymsfailure


Broader (hypernym)insolvency

3. bankruptcy (act) a legal process intended to insure equality among the creditors of a corporation declared to be insolvent


Broader (hypernym)legal proceeding, proceeding, proceedings


Domain categoryjurisprudence, law









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