Definitions for bankruptcy

Definitions for (noun) bankruptcy

Main entry: bankruptcy

Definition: a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Main entry: failure, bankruptcy

Definition: inability to discharge all your debts as they come due

Usage: the company had to declare bankruptcy; fraudulent loans led to the failure of many banks

Main entry: bankruptcy

Definition: a state of complete lack of some abstract property

Usage: spiritual bankruptcy; moral bankruptcy; intellectual bankruptcy

Visual thesaurus for bankruptcy