bankruptcy
English
Etymology
From bankrupt + -cy, replacing earlier bankruptship.
Pronunciation
- IPA(key): /ˈbæŋk.ɹʌp(t).si/
Audio (Southern England) (file)
Noun
bankruptcy (countable and uncountable, plural bankruptcies)
- (finance, law) A legally declared or recognized condition of insolvency of a person or organization.
Derived terms
Related terms
Translations
legally declared or recognised condition of insolvency
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See also
- depression, economic downturn, financial crisis, insolvency, recession
- insolvent, receivership
- (slang) broke, bust, belly up
- (verb) (slang) go broke, go bust, go belly up
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