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bankruptcy


  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 




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