2 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Bankruptcy \Bank"rupt*cy\, n.; pl {Bankruptcies}(?).
1. The state of being actually or legally bankrupt.
2. The act or process of becoming a bankrupt.
3. Complete loss -- followed by of
From WordNet r 1.6 [wn]:
bankruptcy
n 1: a state of complete lack of some abstract property;
"spiritual bankruptcy"; "moral bankruptcy";
"intellectual bankruptcy"
2: inability to discharge all ones debts as they come due
3: a legal process intended to insure equality among the
creditors of a corporation declared in bankruptcy
more about bankruptcy
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