bankruptcy
nounattested in dialogue
- United Kingdom//ˈbæŋ.kɹʌp(t).si//
- United States//ˈbæŋkˌɹʌp(t).si//
- United States//ˈbæŋk.ɹəp(t).si//
- //ˈbeɪ̯ŋkˌɹʌp(t).si//
- //ˈbɛ̃ŋk.ɹəp(t).si//
A legally declared or recognized condition of insolvency of a person or organization.
noun
- 1
A legally declared or recognized condition of insolvency of a person or organization.
The company ended up filing for bankruptcy.
He declared that these drastic steps would undoubtedly inconvenience a good many people, but the alternative was bankruptcy of the Ulster Transport Authority and the breakdown of public transport services.
- 2
A rule in Tycoon where if the top player does not get first place that round, they instantly get last place
Etymology
From bankrupt + -cy, replacing earlier bankruptship.
Forms
- plural
- bankruptcies
Banker · A native or resident of the Outer Banks of North Carolina.banking · The business of managing a bank.bankrupt · In a condition of bankruptcy; unable to pay outstanding debts…
bankruptcy · A legally declared or recognized condition of insolvency of a person or organization.
Banks · An English toponymic surname for someone who lives near a…banned · Forbidden; not allowed.banner · A flag or standard used by a military commander, monarch or…