bankruptcy

Definition

• n. a state of complete lack of some abstract property
• n. inability to discharge all your debts as they come due
• n. a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

Word forms

Plural

bankruptcies

Example sentences

1. n.

   After losing his business, he became a bankruptcy and had to start over.

2. n.

   The company declared bankruptcy after years of financial struggles.