bankruptcy 2
noundomain: state
Princeton WordNet [ver.3.1]
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EnglishDefinition
inability to discharge all your debts as they come due
Examples
- 1.the company had to declare bankruptcy
- 2.fraudulent loans led to the failure of many banks
Hypernym
insolvency 1
noun
the lack of financial resources
EnglishDerivationally related form
bankrupt 1
verb
reduce to bankruptcy
