English Online Dictionary. What means bankruptcy? What does bankruptcy mean?
English
Etymology
From bankrupt + -cy, replacing earlier bankruptship.
Pronunciation
- IPA(key): /ˈbæŋk.ɹʌp(t).si/
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
- bankrupt
Translations
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