Defenition of the word bankruptcy
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Defenition of the word bankruptcy
- A legally declared inability of an individual or organisation to pay their creditors.
- a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy
- inability to discharge all ones debts as they come due
- a state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
- inability to discharge all your debts as they come due; "the company had to declare bankruptcy"; "fraudulent loans led to the failure of many banks"
- a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
- inability to discharge all your debts as they come due
- a state of complete lack of some abstract property
Synonyms for the word bankruptcy
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- economic failure
- failure
- impoverishment
- insolvency
- liquidation
- ruin
Similar words in the bankruptcy
Hypernyms for the word bankruptcy
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- failure
- insolvency
- judicial proceeding
- legal proceeding
- proceeding
- proceedings
See other words
