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Meaning of word bankruptcy from English dictionary with examples, synonyms and antonyms.
bankruptcy noun
Meaning : A state of complete lack of some abstract property.
Example :
Spiritual bankruptcy.
Moral bankruptcy.
Intellectual bankruptcy.
Meaning : 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.
Synonyms : failure
Meaning : A legal process intended to insure equality among the creditors of a corporation declared to be insolvent.
