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bankruptcy
noun
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
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How it sounds
Pronunciation
ˈbæŋkɹʌptsɪ
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Meaning
Definitions
noun
a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
noun
inability to discharge all your debts as they come due
“the company had to declare bankruptcy”
noun
a state of complete lack of some abstract property
“spiritual bankruptcy”
In context
Example Sentences
the company had to declare bankruptcy
fraudulent loans led to the failure of many banks
spiritual bankruptcy
moral bankruptcy
intellectual bankruptcy
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