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bankruptcy - Meaning and Examples

Meaning of 'bankruptcy' (Webster Dictionary)

1 . Bankruptcy [ n.]
- The state of being actually or legally bankrupt.
- The act or process of becoming a bankrupt.
- Complete loss; -- followed by of.

Meaning of 'bankruptcy' (Princeton's WordNet)

1 . bankruptcy [ n]
Meaning (1):
- inability to discharge all your debts as they come due
Example in sentence:
  • fraudulent loans led to the failure of many banks;
  • the company had to declare bankruptcy
Meaning (2):
- a state of complete lack of some abstract property
Example in sentence:
  • intellectual bankruptcy;
  • moral bankruptcy;
  • spiritual bankruptcy

Nearby Words:

ban banal banalities banality banana banat banc banco bancus band

See 'bankruptcy' also in:

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