Dictionary
bankruptcy
noun bank·rupt·cy \ˈbaŋk-(ˌ)rəp(t)-sē\
: the condition of being bankrupt : a condition of financial failure caused by not having the money that you need to pay your debts
: an occurrence in which a person, business, etc., goes bankrupt
: the condition of completely lacking a good or desired quality
plural bank·rupt·cies
Full Definition of BANKRUPTCY
1
: the quality or state of being bankrupt
2
: utter failure or impoverishment
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First Known Use of BANKRUPTCY
1700
Related to BANKRUPTCY
- Synonyms
- insolvency, failure, ruin
- Antonyms
- solvency
Other Legal Terms
BANKRUPTCIES Defined for Kids
bankruptcy
noun bank·rupt·cy \ˈbaŋk-ˌrəpt-sē\
plural bank·rupt·cies
Definition of BANKRUPTCY for Kids
: the state of not having enough money to pay debts <The company faces bankruptcy.>
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