English noun: bankruptcy | |||
1. | bankruptcy (state) a state of complete lack of some abstract property | ||
Samples | Spiritual bankruptcy. Moral bankruptcy. Intellectual bankruptcy. | ||
Broader (hypernym) | failure | ||
2. | bankruptcy (state) inability to discharge all your debts as they come due | ||
Samples | The company had to declare bankruptcy. Fraudulent loans led to the failure of many banks. | ||
Synonyms | failure | ||
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 category | jurisprudence, law | ||