English to English noun
1 |
a state of complete lack of some abstract property | | Example: spiritual bankruptcy moral bankruptcy intellectual bankruptcy
source: wordnet30
2 |
inability to discharge all your debts as they come due | | Example: the company had to declare bankruptcy fraudulent loans led to the failure of many banks
source: wordnet30
3 |
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent | | source: wordnet30
4 |
The state of being actually or legally bankrupt. | | source: webster1913
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