'Bankruptcy' definitions:

Definition of 'bankruptcy'

From: WordNet
noun
A state of complete lack of some abstract property; "spiritual bankruptcy"; "moral bankruptcy"; "intellectual bankruptcy"
noun
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" [syn: bankruptcy, failure]
noun
A legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Definition of 'Bankruptcy'

From: GCIDE
  • Bankruptcy \Bank"rupt*cy\, n.; pl. Bankruptcies.
  • 1. The state of being actually or legally bankrupt. [1913 Webster]
  • 2. The act or process of becoming a bankrupt. [1913 Webster]
  • 3. Complete loss; -- followed by of. [1913 Webster]

Words containing 'Bankruptcy'